Bombardier Announces Notice of Partial Redemption for $100,000,000 of its 7.875% Senior Notes due 2027

Rhea-AI Summary

Bombardier Inc. announces a partial redemption of $100 million of its 7.875% Senior Notes due 2027 using cash from its balance sheet. The redemption date is April 15, 2024, with a redemption price of 100.00% of the principal amount plus accrued interest. The paying agent is Deutsche Bank Trust Company Americas.

MONTRÉAL, March 14, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for $100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”), which redemption will be paid using cash from its balance sheet. As set forth in the notice of partial redemption issued today in respect of the Redemption Notes, the redemption date is April 15, 2024, and the redemption price for the Redemption Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.

On March 14, 2024, a copy of the notice of redemption with respect to the Redemption Notes was issued to record holders. Payment of the redemption price and surrender of the Redemption 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 April 15, 2024. 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 Redemption 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 Redemption 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.

All amounts in this press release are in U.S. dollars.

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 is the principal amount being partially redeemed by Bombardier Inc.?

Bombardier Inc. is partially redeeming $100 million of its 7.875% Senior Notes due 2027.

When is the redemption date set for the Redemption Notes?

The redemption date for the Redemption Notes is April 15, 2024.

What is the redemption price for the Redemption Notes?

The redemption price for the Redemption Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.

Who is the paying agent for the redemption of the Redemption Notes?

The paying agent for the redemption of the Redemption Notes is Deutsche Bank Trust Company Americas.

Are the Redemption Notes registered under the United States Securities Act of 1933?

The Redemption Notes mentioned in the press release have not been and will not be registered under the United States Securities Act of 1933.

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

The Redemption Notes mentioned in the press release may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.