Le Lézard
Classified in: Business
Subject: SHAREHOLDER RIGHTS PLANS

Bombardier Announces Launch of its New Issuance of Senior Notes due 2031


MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. ("Bombardier") today announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2031 (the "New Notes").

Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to finance the offer to purchase (the "2026 Tender Offer") up to US$400 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125% Senior Notes due 2026 (the "2026 Notes"), of which there is US$1,001 million aggregate principal amount outstanding on the date hereof, (ii) to fund the redemption (the "2027 Notes Redemption") of US$100 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.875% Senior Notes due 2027 (the "2027 Notes"), of which there is US$1,733 million aggregate principal amount outstanding on the date hereof, and (iii) for the payment of accrued interest and related fees and expenses.

Consummation of the offering of the New Notes, the 2026 Tender Offer and the 2027 Notes Redemption are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The 2026 Tender Offer and the 2027 Notes Redemption are subject to certain conditions, including the completion of the offering of the New Notes prior to April 9, 2024 as it relates to the 2026 Tender Offer, and prior to April 22, 2024 as it relates to the 2027 Notes Redemption.

This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.

The New Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The New Notes mentioned herein may be offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act. The New Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes will be offered and sold in Canada on a private placement basis only to "accredited investors" pursuant to certain prospectus exemptions.

This announcement does not constitute an offer to purchase or the solicitation of an offer to sell the New Notes, the 2026 Notes or the 2027 Notes. This announcement does not constitute a redemption notice in respect of any 2027 Notes or any other notes. Any redemption of the 2027 Notes or any other notes will be made pursuant to a notice of redemption under the indentures governing such notes. Any purchase of the 2026 Notes pursuant to the 2026 Tender Offer will be made pursuant to an offer to purchase.

FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements.

For information

Francis Richer de La Flèche
Vice President, Financial Planning and Investor Relations
Bombardier
+1 514 240 9649
Mark Masluch
Senior Director, Communications
Bombardier
+1 514 855 7167


These press releases may also interest you

at 03:05
According to statistics recently released on the official website of the General Administration of Customs, the total value of China's goods trade reached 39.79 trillion yuan ($5.6 trillion) in the January-November period, expanding by 4.9 percent...

at 03:00
AGI Greenpac Limited, a focused Indian packaging products company with glass packaging, PET products and security caps & closure businesses, has expanded its global footprint with the inauguration of its regional office in Dubai. This strategic move...

at 03:00
PQShield, the leading cybersecurity company developing post-quantum cryptography, has appointed Antonio J. Viana to its board of directors, alongside adding Mike Muller, Rose Schooler and Ian Drew to its strategic advisory board.Janssen Liston also...

at 03:00
Isotopia is proud to announce a groundbreaking partnership with LIVEKIDNEY.BIO, a clinical-stage biotech innovator, to support the development of a critical component for its revolutionary lupus nephritis therapy. This collaboration offers the...

at 02:51
Skanska divests a rental residential project with 139 rental apartments and a grocery store in Lund, Sweden, for about SEK 520M to LF Skåne Hyresfastigheter. The transaction will be recorded by Skanska Commercial Development in the fourth quarter of...

at 02:50
On December 11, 2024, Waterdrop Inc. , a leading technology platform dedicated to insurance and healthcare services with a positive social impact, unveiled its unaudited financial results for the third quarter of 2024 ended September 30, 2024. During...



News published on and distributed by: