Bombardier Announces Notice of Redemption of All of its 6.00% Senior Notes Due 2022

Rhea-AI Summary

Bombardier has announced a notice of redemption for all its outstanding 6.00% Senior Notes due 2022. The redemption date is set for September 13, 2021, with the redemption price at par plus accrued and unpaid interest. This decision is part of Bombardier's financial strategy, aiming to manage its debt obligations effectively. The announcement comes with disclaimers regarding the security's registration status under U.S. and Canadian laws, indicating restrictions on their sale in certain jurisdictions.

Positive

• Redemption of 6.00% Senior Notes may improve Bombardier's financial position by reducing debt.

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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 6.00% 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 September 13, 2021, and the redemption price is par plus accrued and unpaid interest.

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 redemption date for Bombardier's 6.00% Senior Notes due 2022?

The redemption date is September 13, 2021.

What will be the redemption price for Bombardier's Senior Notes?

The redemption price is par plus accrued and unpaid interest.

Can the 6.00% Senior Notes be sold in the U.S.?

No, the notes have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or an exemption.

Does this press release contain forward-looking statements?

Yes, the announcement includes forward-looking statements that involve risks and uncertainties.