Bombardier Announces Notice of Partial Redemption for $475,000,000 of its 6.00% Senior Notes due 2022

Rhea-AI Summary

Bombardier has announced a partial redemption of $475 million of its 6.00% Senior Notes due 2022. The redemption will occur on July 22, 2021, at par plus accrued interest. The selection of notes for redemption will be conducted by lot following the procedures of The Depository Trust Corporation.

This action reflects Bombardier's ongoing financial strategy but does not constitute an offer to sell or buy securities. The notes have not been registered under U.S. securities laws and may not be offered in the U.S. without proper registration.

Positive

• Partial redemption of $475 million demonstrates effective debt management.
• Redemption scheduled for July 22, 2021, indicating a timeline for improved liquidity.

Negative

• None.

MONTREAL, June 22, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for $475,000,000 of its outstanding 6.00% Senior Notes due 2022 (the “Notes”). As set forth in the notice of redemption issued today pursuant to the terms of the indenture governing the Notes, the redemption date is July 22, 2021, and the redemption price is par plus accrued and unpaid interest. Pursuant to the terms of the indenture governing the Notes, the selection of the Notes for redemption will be made by lot in accordance with the procedures of The Depository Trust Corporation.

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 +514 855 5001 x13228

Mark Masluch Senior Director, Communications Bombardier +514 855 7167

FAQ

What is the significance of Bombardier's $475 million partial redemption of Senior Notes?

The redemption signifies Bombardier's commitment to managing its debt effectively and improving financial health.

When will Bombardier redeem its 6.00% Senior Notes?

The redemption is scheduled for July 22, 2021.

What is the redemption price for Bombardier's Senior Notes?

The redemption price is set at par plus accrued and unpaid interest.

How will Bombardier select which Senior Notes to redeem?

The selection will be made by lot in accordance with the procedures of The Depository Trust Corporation.