August 11, 2022

The Bond Buyer: Muni bonds for firefighting firm aid smooth flight to SPAC equity deal

Kestrel provided a Second Party Opinion for Bridger Aerospace’s Sustainability Bonds with proceeds that will be used to purchase two SuperScooper planes for firefighting, among other activities. Wildfires pose a significant threat to human health and wildlife, in addition to releasing large amounts of CO2 from severe, stand-replacing fires. By increasing the size of its fleet and improving operational facilities, Bridger will be better equipped to reduce the negative environmental impacts of large wildfires across the US.