Bombardier Announces Conditional Notice of Redemption for All of its 7.50% Senior Notes due 2025

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Bombardier Inc. has issued a conditional notice of redemption for all of its outstanding 7.50% Senior Notes due 2025. The redemption date is December 6, 2023, and the redemption price is 100% of the principal amount redeemed, plus accrued and unpaid interest. The redemption is subject to Bombardier completing a new offering of debt securities of at least US$500 million before the Redemption Date.

MONTRÉAL, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of redemption for all of its outstanding 7.50% Senior Notes due 2025 (the “Notes”). As set forth in the conditional notice of redemption issued today in respect of the Notes, the redemption date is December 6, 2023 (the “Redemption Date”), and the redemption price is 100% of the principal amount redeemed, plus accrued and unpaid interest. The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$500 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion. 

On November 6, 2023, a copy of the conditional notice of redemption with respect to the Notes was issued to record holders. Payment of the redemption price and surrender of the Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company on December 6, 2023. The name and address of the paying agent are as follows: Deutsche Bank Trust Company Americas, c/o Deutsche Bank Services Americas, 5022 Gate Parkway, Jacksonville, Florida 32256, Attention: Corporate Team/Bombardier Inc., Tel: 1-800-735-7777.

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 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 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 may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

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

FAQ

What did Bombardier announce?

Bombardier announced a conditional notice of redemption for its outstanding 7.50% Senior Notes due 2025.

When is the redemption date?

The redemption date is December 6, 2023.

What is the redemption price?

The redemption price is 100% of the principal amount redeemed, plus accrued and unpaid interest.

What is the condition for redemption?

The redemption is subject to Bombardier completing a new offering of debt securities of at least US$500 million before the Redemption Date.

Where will the payment and surrender of the Notes take place?

Payment of the redemption price and surrender of the Notes will be made through the facilities of the Depository Trust Company.

Who is the paying agent?

The paying agent is Deutsche Bank Trust Company Americas.

Are the Notes registered under the US Securities Act?

No, the Notes have not been registered under the United States Securities Act of 1933.

Can the Notes be offered or sold in the United States?

The Notes may not be offered or sold in the United States unless they are registered or exempt from registration requirements.

Are the Notes qualified for distribution in Canada?

No, the Notes have not been qualified for distribution to the public under applicable Canadian securities laws.