TORONTO, March 27 Bombardier Inc
extended its credit facilities by one year to May 2017 for its
transportation unit and to June 2017 for its aerospace division,
the company said on Thursday.
The Montreal-based manufacturers revolving credit facilities
also received one-year extensions to March 2016 for Bombardier
Transportation and June 2017 for Bombardier Aerospace.
Investors have been keeping a close eye on Bombardier`s
balance sheet as delays in the launch of its CSeries aircraft
have increased the cost of the development program to $4.4
"The extension provided does highlight the comfort
Bombardier's syndicate banks have on the company's business
plans and balance sheet despite high leverage, in our view," RBC
Capital markets analyst, Walter Spracklin, wrote in a client
Bombardier shares closed up 1 percent to C$4.08 on the
Toronto Stock Exchange.
(Reporting by Solarina Ho; Editing by Bernard Orr)