Bombardier Announces Notice of Redemption for All of its 8.750% Senior Notes due 2021

Rhea-AI Summary

Bombardier has announced the redemption of all its outstanding 8.750% Senior Notes due 2021, set for July 2, 2021. The redemption price will be disclosed on June 28, 2021. This move is part of Bombardier's financial management strategy. The press release clarifies that the securities have not been registered under U.S. securities laws and will be exempt from public distribution in Canada.

Positive

• Redemption of outstanding 8.750% Senior Notes indicates proactive financial management.

Negative

• No significant negative aspects identified in the press release.

MONTRÉAL, June 03, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of redemption for all of its outstanding 8.750% Senior Notes due 2021 (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 2, 2021, and the redemption price will be calculated on June 28, 2021. Bombardier will disclose the redemption price by press release on June 28, 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 will 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 are the details of Bombardier's recent notice of redemption for the 8.750% Senior Notes?

Bombardier announced a redemption for all its outstanding 8.750% Senior Notes due 2021, effective July 2, 2021, with the redemption price to be disclosed on June 28, 2021.

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

The redemption price for Bombardier's 8.750% Senior Notes will be disclosed on June 28, 2021.

Are Bombardier's Senior Notes registered under U.S. securities laws?

No, the 8.750% Senior Notes have not been and will not be registered under U.S. securities laws.

What is the significance of the redemption of Bombardier's 8.750% Senior Notes?

The redemption indicates Bombardier's efforts in financial management and improving its debt profile.