Montana Senate Candidate Tim Sheehy Faces Business Scrutiny Over Bridger Aerospace
Questions arise about Bridger Aerospace's bond deal and financial health as Tim Sheehy campaigns for Senate.
- Bridger Aerospace, founded by Tim Sheehy, used $134 million from a $160 million bond to repay Blackstone, raising concerns about its financial practices.
- Gallatin County's credit rating could be impacted if Bridger defaults, despite not being financially liable for the bond.
- Bridger has faced financial difficulties, reporting $150 million in losses since its bond issue in 2022 and a 64% drop in stock value.
- Sheehy's campaign is under additional scrutiny for claims about his military service and past controversial remarks.
- An investigation has been called for by investors questioning Bridger's financial disclosures and its designation as a disadvantaged business.