Bombardier Announces Notice of Redemption for All of its 6.125% Senior Notes due 2023

Rhea-AI Summary

Bombardier announced the redemption of its outstanding 6.125% Senior Notes due 2023, effective September 13, 2021. This decision follows the terms set in the indenture governing the notes, with a redemption price to be disclosed on September 8, 2021. This move reflects Bombardier's financial strategy as it aims to manage its debt obligations efficiently.

Positive

• Redemption of outstanding 6.125% Senior Notes demonstrates proactive debt management.

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• None.

MONTRÉAL, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of redemption for all of its outstanding 6.125% Senior Notes due 2023 (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 September 13, 2021, and the redemption price will be calculated on September 8, 2021. Bombardier will disclose the redemption price by press release on September 8, 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 Bombardier's recent announcement regarding its 6.125% Senior Notes?

Bombardier announced the redemption of all outstanding 6.125% Senior Notes due 2023, effective September 13, 2021.

When will Bombardier disclose the redemption price for its Senior Notes?

The redemption price will be disclosed in a press release on September 8, 2021.

What does the redemption of Senior Notes mean for Bombardier's investors?

The redemption signifies Bombardier's proactive approach in managing its debt, which may positively affect investor confidence.