Bombardier Announces Redemption Price Calculation in respect of its 8.750% Senior Notes due 2021

Rhea-AI Summary

On June 28, 2021, Bombardier announced the redemption price for its outstanding 8.750% Senior Notes due 2021, set at US$1,041.39 per US$1,000.00 principal amount. This includes a Make-Whole Premium of US$1,033.86 and accrued interest of US$7.53. The redemption date is July 2, 2021. The announcement highlights forward-looking statements subject to risks and uncertainties, and it clarifies that the Notes are not registered for sale under U.S. securities laws.

Positive

• Redemption price calculated at US$1,041.39, providing potential value to noteholders.
• Included Make-Whole Premium offers investors additional compensation.

Negative

• Redemption indicates potential liquidity issues or restructuring efforts.
• Non-registration of notes under securities laws limits future financing options.

MONTRÉAL, June 28, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.’s (“Bombardier”) notice of redemption dated June 3, 2021 (the “Notice”) relating to all of its outstanding 8.750% Senior Notes due 2021 (the “Notes”), Bombardier today announced the calculation of the redemption price for the Notes. The redemption price for the Notes will be US$1,041.39 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.86 per US$1,000.00 (based on a Treasury Rate of 0.051%, as calculated by Bombardier on June 28, 2021), plus US$7.53 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.

The redemption date for the Notes is July 2, 2021, as set forth in the Notice.

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 is the redemption price for Bombardier's 8.750% Senior Notes due 2021?

The redemption price is US$1,041.39 per US$1,000.00 principal amount.

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

The redemption date is July 2, 2021.

What is included in the redemption price of Bombardier's notes?

The redemption price includes a Make-Whole Premium of US$1,033.86 and US$7.53 in accrued interest.

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

No, the notes have not been registered under U.S. securities laws.

What does Bombardier's press release say about forward-looking statements?

It states that forward-looking statements are subject to risks and uncertainties which may cause actual results to differ.