Direct lender HPS throws $1bn lifeline to Bombardier

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By Silas Brown
23 Jul 2020

HPS Investment Partners has provided a $1bn loan to Canadian train and plane manufacturer Bombardier as direct lenders make a play for larger companies through the pandemic.

The three year senior secured term loan will help Bombardier fill a potential funding gap, as it waits for a roughly $4.5bn sale of its trains unit, Bombardier Transportation.

French competitor Alston is buying the business, but the transaction is unlikely to be completed until the first half ...

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