Bombardier Announces Closing of its New Issuance of Senior Notes due 2029
Bombardier announced the successful closure of a US$750 million Senior Notes offering, maturing on February 1, 2029, with a 7.50% coupon. The proceeds will be utilized to redeem outstanding Senior Notes due 2024, finance the purchase of up to $354 million in Senior Notes due 2025, and cover related fees. This offering was conducted in compliance with U.S. securities regulations and involves a private placement to accredited investors. The press release includes forward-looking statements that are subject to risks and uncertainties.
- Successful closure of US$750 million Senior Notes offering.
- Proceeds will fund redemption of 2024 Senior Notes and purchase of 2025 Senior Notes.
- Existing debt obligations may still strain financial resources.
- Forward-looking statements involve risks that could impact future performance.
MONTRÉAL, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US
Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the redemption of all of its outstanding
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 were 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 was made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes were offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.
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 |
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