Bombardier Announces Pricing of its New Issuance of Senior Notes due 2031
BOMBARDIER INC B (BDRBF)
NASDAQ:AMEX Investor Relations:
ir.bombardier.com/en
Company Research
Source: GlobeNewswire
MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully priced its offering of US$750 million aggregate principal amount of new Senior Notes due July 1, 2031. The new Senior Notes will carry a coupon of 7.250% per annum and will be sold at 99.75% of par (the “New Notes”). The issuance of the New Notes is expected to close on or about April 4, 2024, subject to customary closing conditions. 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$550 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$200 million aggregate purchase amount (exclusive of accrued
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News
- Bombardier Announces the Election of its Board of DirectorsGlobeNewswire
- Bombardier Reports Significant Backlog Growth on 1.6 Unit Book-to-Bill, Expanded Margins and Service Revenues Increase in First Quarter of 2024GlobeNewswire
- Bombardier Unveils Bold New Brand Identity Worldwide as Company Soars Toward an Ambitious FutureGlobeNewswire
- Bombardier Completes Partial Redemption of US$200,000,000 of its 7.875% Senior Notes due 2027GlobeNewswire
- Bombardier Announces Expiration of its Cash Tender Offer for Certain Outstanding Senior NotesGlobeNewswire