Bombardier Completes Partial Redemption of US$300,000,000 of its 7.875% Senior Notes due 2027
Bombardier has completed a partial redemption of US$300 million of its 7.875% Senior Notes due 2027, as announced in their December 10, 2024 notice. This debt reduction was funded using cash from the company's balance sheet.
CFO Bart Demosky emphasized the company's disciplined approach to debt reduction, noting that over the last twelve months, Bombardier has utilized $400 million of balance sheet cash to reduce long-term debt. This strategic move aims to reduce leverage and improve the company's credit metrics while providing additional flexibility in executing their strategy.
The redemption process was conducted through the Depository Trust Company's facilities following their standard procedures.
Bombardier ha completato un rimborso parziale di 300 milioni di dollari USA dei suoi Senior Notes al 7,875% in scadenza nel 2027, come annunciato nel loro avviso del 10 dicembre 2024. Questa riduzione del debito è stata finanziata utilizzando contante dal bilancio dell'azienda.
Il CFO Bart Demosky ha sottolineato l'approccio disciplinato dell'azienda nella riduzione del debito, notando che negli ultimi dodici mesi Bombardier ha utilizzato 400 milioni di dollari di contante dal bilancio per ridurre il debito a lungo termine. Questa mossa strategica mira a ridurre la leva e migliorare i parametri di credito dell'azienda, offrendo al contempo maggiore flessibilità nell'esecuzione della loro strategia.
Il processo di rimborso è stato condotto attraverso le strutture della Depository Trust Company seguendo le loro procedure standard.
Bombardier ha completado un reembolso parcial de 300 millones de dólares estadounidenses de sus Notas Senior al 7.875% con vencimiento en 2027, como se anunció en su aviso del 10 de diciembre de 2024. Esta reducción de deuda se financió utilizando efectivo del balance de la empresa.
El CFO Bart Demosky enfatizó el enfoque disciplinado de la empresa hacia la reducción de deuda, señalando que en los últimos doce meses Bombardier ha utilizado 400 millones de dólares de efectivo del balance para reducir la deuda a largo plazo. Este movimiento estratégico tiene como objetivo reducir el apalancamiento y mejorar los métricos de crédito de la empresa al tiempo que proporciona flexibilidad adicional en la ejecución de su estrategia.
El proceso de reembolso se realizó a través de las instalaciones de la Depository Trust Company siguiendo sus procedimientos estándar.
봄바르디에는 2024년 12월 10일 공지에서 발표한 바와 같이 2027년 만기 7.875% 선순위 채권 3억 달러의 부분 상환을 완료했습니다. 이 부채 축소는 회사의 대차대조표에서 현금을 사용하여 자금이 조달되었습니다.
CFO 바트 데모스키는 부채 축소에 대한 회사의 절제된 접근 방식을 강조하면서, 지난 12개월 동안 봄바르디에가 장기 부채를 줄이기 위해 대차대조표 현금 4억 달러를 활용했다고 언급했습니다. 이 전략적 조치는 레버리지를 줄이고 회사의 신용 메트릭을 개선하는 동시에 전략 실행에 있어 추가적인 유연성을 제공하는 것을 목표로 합니다.
상환 과정은 그들의 표준 절차에 따라 예탁 신탁 회사의 시설을 통해 진행되었습니다.
Bombardier a effectué un remboursement partiel de 300 millions de dollars américains de ses Obligations Senior à 7,875% arrivant à échéance en 2027, comme annoncé dans leur avis du 10 décembre 2024. Cette réduction de la dette a été financée à l'aide de liquidités provenant du bilan de l'entreprise.
Le CFO Bart Demosky a souligné l'approche disciplinée de l'entreprise en matière de réduction de la dette, notant que, au cours des douze derniers mois, Bombardier a utilisé 400 millions de dollars de liquidités du bilan pour réduire sa dette à long terme. Ce mouvement stratégique vise à réduire l'effet de levier et à améliorer les indicateurs de crédit de l'entreprise tout en offrant une flexibilité supplémentaire dans l'exécution de sa stratégie.
Le processus de remboursement a été réalisé par le biais des installations de la Depository Trust Company, conformément à leurs procédures standard.
Bombardier hat eine teilweise Rückzahlung von 300 Millionen US-Dollar seiner 7,875% Senior Notes mit Fälligkeit 2027 abgeschlossen, wie in ihrer Mitteilung vom 10. Dezember 2024 bekannt gegeben. Diese Schuldenreduzierung wurde mit Bargeld aus der Bilanz des Unternehmens finanziert.
Der CFO Bart Demosky betonte den disziplinierten Ansatz des Unternehmens zur Schuldenreduzierung und stellte fest, dass Bombardier in den letzten zwölf Monaten 400 Millionen Dollar aus der Bilanz genutzt hat, um die langfristigen Schulden zu reduzieren. Dieser strategische Schritt zielt darauf ab, die Verschuldung zu verringern und die Kreditkennzahlen des Unternehmens zu verbessern, während gleichzeitig zusätzliche Flexibilität bei der Umsetzung ihrer Strategie geboten wird.
Der Rückzahlungsprozess wurde über die Einrichtungen der Depository Trust Company unter Beachtung ihrer Standardverfahren durchgeführt.
- Reduced debt by US$300 million using cash from balance sheet
- Total debt reduction of US$400 million over the last 12 months
- Improved credit metrics and reduced leverage
- Enhanced financial flexibility for strategy execution
- Significant cash outlay from balance sheet reduces available liquidity
- Still carrying high-interest (7.875%) debt due 2027
MONTRÉAL, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US
“Bombardier has been disciplined and consistent in prioritizing debt reduction. This
Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
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 Redemption 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 Redemption 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 +1 514 240 9649 | Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167 |
FAQ
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