Mon 05/03/2021 17:50 PM
In its letter dated April 22 to Bombardier reviewed by Reorg, Boies Schiller Flexner on behalf of a noteholder of the $250 million 7.45% unsecured notes due 2034 outlines reasons why the noteholder is
taking the position that the company is in material breach and default under the notes. Specifically, the letter alleges that both a qualitative and a quantitative analysis of the company’s asset sales shows that the sales cover all or substantially all of Bombardier's business, violating...
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