Bombardier Inc. says it would obtain much less money than it initially had agreed to within the sale of its aerostructures enterprise to Spirit AeroSystems Holding Inc.
The corporate says it would obtain US$275 million in money within the amended deal, down from the US$500 million in money that was first introduced final yr.
Spirit can even assume liabilities, together with authorities refundable advances and pension obligations, valued at US$824 million.
The sale consists of operations in Belfast, U.K., and Casablanca, Morocco, in addition to a upkeep, restore and overhaul facility in Dallas.
Considerations about the way forward for the deal had been raised final month after Spirit mentioned some closing circumstances had been unmet, injecting a level of uncertainty into the deal.
Bombardier mentioned Monday the closing circumstances have been met and the transaction is predicted to shut on Friday.