Bombardier Announces Notice of Redemption for All of its 5.750% Senior Notes due 2022

Rhea-AI Summary

Bombardier announced a redemption notice for all outstanding 5.750% Senior Notes due 2022. The redemption date is set for July 22, 2021, with the redemption price to be calculated on July 19, 2021. This move reflects Bombardier's ongoing financial strategies aimed at managing its debt obligations more efficiently. The company will disclose the redemption price through a press release on the specified date.

Positive

• Redemption of 5.750% Senior Notes indicates proactive debt management.
• Enhances financial position by reducing outstanding obligations.

Negative

• None.

MONTRÉAL, June 22, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of redemption for all of its outstanding 5.750% 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 will be calculated on July 19, 2021. Bombardier will disclose the redemption price by press release on July 19, 2021.

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 notice of redemption for the Senior Notes due 2022?

The notice signifies Bombardier's strategic efforts to manage its debt effectively by redeeming outstanding 5.750% Senior Notes.

When is the redemption date for Bombardier's Senior Notes?

The redemption date for Bombardier's Senior Notes is July 22, 2021.

What will happen on July 19, 2021, regarding Bombardier's Senior Notes?

On July 19, 2021, Bombardier will calculate and disclose the redemption price for the Senior Notes.

Are the Senior Notes registered under U.S. law?

No, the Senior Notes have not been registered under the U.S. Securities Act or any state securities laws.

Who can I contact for more information about Bombardier's redemption notice?

For more information, you can contact Francis Richer de La Flèche or Mark Masluch at Bombardier.