Bombardier Announces Notice of Partial Redemption for US$300,000,000 of its 7.875% Senior Notes due 2027
Bombardier has announced a partial redemption of US$300 million of its 7.875% Senior Notes due 2027. The redemption will be executed using cash from the company's balance sheet. The redemption date is set for January 9, 2025, with a redemption price of 100.00% of the principal amount plus accrued and unpaid interest.
The redemption process will be facilitated through the Depository Trust Company, with Deutsche Bank Trust Company Americas serving as the paying agent. The notice of redemption was issued to record holders on December 10, 2024.
Bombardier ha annunciato un rimborso parziale di 300 milioni di dollari USA delle sue Senior Notes al 7,875% in scadenza nel 2027. Il rimborso sarà eseguito utilizzando liquidità dal bilancio dell'azienda. La data di rimborso è fissata per il 9 gennaio 2025, con un prezzo di rimborso del 100,00% dell'importo principale più gli interessi maturati e non pagati.
Il processo di rimborso sarà facilitato attraverso la Depository Trust Company, con Deutsche Bank Trust Company Americas che funge da agente di pagamento. L'avviso di rimborso è stato inviato ai detentori registrati il 10 dicembre 2024.
Bombardier ha anunciado un reembolso parcial de 300 millones de dólares estadounidenses de sus Notas Senior al 7,875% que vencen en 2027. El reembolso se ejecutará utilizando efectivo del balance de la compañía. La fecha de reembolso está programada para el 9 de enero de 2025, con un precio de reembolso del 100,00% del monto principal más los intereses acumulados y no pagados.
El proceso de reembolso se llevará a cabo a través de la Depository Trust Company, con Deutsche Bank Trust Company Americas actuando como agente de pago. El aviso de reembolso fue enviado a los tenedores registrados el 10 de diciembre de 2024.
붐바디어(Bombardier)는 3억 달러의 7.875% 만기 연도가 2027년인 선순위 채권의 부분 상환을 발표했습니다. 상환은 회사의 재무제표에서 현금을 사용하여 수행됩니다. 상환 날짜는 2025년 1월 9일로 설정되었으며, 100.00%의 원금 금액과 누적된 미지급 이자를 더한 상환 가격입니다.
상환 과정은 예탁결제기관을 통해 진행되며, 도이치 뱅크 신탁 회사 아메리카스가 지급 대행사로 운영됩니다. 상환 공지는 2024년 12월 10일에 등록된 보유자에게 발송되었습니다.
Bombardier a annoncé un remboursement partiel de 300 millions de dollars américains de ses Obligations Senior à 7,875% échues en 2027. Le remboursement sera effectué en utilisant des liquidités provenant du bilan de l'entreprise. La date de remboursement est fixée au 9 janvier 2025, avec un prix de remboursement de 100,00% du montant principal, plus les intérêts courus et non payés.
Le processus de remboursement sera facilité par la Depository Trust Company, avec Deutsche Bank Trust Company Americas agissant en tant qu'agent de paiement. L'avis de remboursement a été envoyé aux détenteurs enregistrés le 10 décembre 2024.
Bombardier hat einen teilweisen Rückkauf von 300 Millionen US-Dollar seiner 7,875% Senior Notes, die 2027 fällig sind, angekündigt. Der Rückkauf wird mit Bargeld aus der Bilanz des Unternehmens durchgeführt. Das Rückkaufsdatum ist auf den 9. Januar 2025 festgelegt, mit einem Rückkaufpreis von 100,00% des Hauptbetrags zuzüglich aufgelaufener und nicht bezahlter Zinsen.
Der Rückkaufprozess wird über die Depository Trust Company abgewickelt, wobei die Deutsche Bank Trust Company Americas als Zahlstelle fungiert. Die Rückkaufmitteilung wurde am 10. Dezember 2024 an die registrierten Inhaber gesendet.
- Using cash from balance sheet to reduce debt burden
- Full redemption at par value (100%) indicates strong financial position
- Reduction in cash reserves by US$300 million
MONTRÉAL, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for US
On December 10, 2024, a copy of the notice of redemption with respect to the 2027 Notes was issued to the record holders thereof. Payment of the redemption price and surrender of the 2027 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 January 9, 2025. 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 securities 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 securities 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
How much of Bombardier's (BDRBF) 2027 Senior Notes are being redeemed?
When is the redemption date for Bombardier's (BDRBF) 2027 Notes?
What is the redemption price for Bombardier's (BDRBF) 2027 Notes?
How is Bombardier (BDRBF) funding the Notes redemption?
