Bridger Aerospace JV to buy four CL-215T scoopers for €40.3M; terminates Big Horn deal

Bridger Aerospace Group Holdings, Inc.

JV purchases four CL-215T scoopers from Spain for €40.3M; close expected in 10 business days.
Bridger has option to buy first two aircraft for $40M within 18 months; remaining two at formula price within 36 months.
Services Agreement restricts Bridger from acquiring other firefighting aircraft; Marathon and Avenue get board observer rights.
Mutual termination of Big Horn Airways acquisition with no termination fees; reimbursable transaction fees not estimated.
First two scoopers expected ready for contract operations in Summer 2024 in European Union.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridger Aerospace Group Holdings, Inc. entered into Services Agreement with a subsidiary (the “Owner”) of MAB Funding, LLC (effective 2023-11-17).

Action: entry
Counterparty: a subsidiary (the “Owner”) of MAB Funding, LLC
Effective: 2023-11-17

Exact text from the filing

On November 17, 2023, Bridger Aerospace Group Holdings, Inc. (“Bridger” or the “Company”) entered into a Services Agreement (the “Agreement” or the “Services Agreement”) with a subsidiary (the “Owner”) of MAB Funding, LLC.

View on SEC.gov

Browse all material agreements →

Bridger Aerospace Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-008449

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.