Bombardier Completes Redemption for All of its 7.50% Senior Notes due 2025

Rhea-AI Summary

Bombardier Inc. (BBD) has redeemed all of its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025. The redemption was announced on November 6, 2023, and the payment and surrender are being made through the Depository Trust Company. This press release clarifies that it does not constitute an offer to sell or buy any security and that the mentioned securities have not been registered under the United States Securities Act of 1933 or any state securities laws. Additionally, the securities have not been qualified for distribution to the public under applicable Canadian securities laws.

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• None.

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• The redemption of the senior notes may indicate a need for cash or a shift in the company's financial strategy, potentially affecting shareholders negatively.

MONTRÉAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all of its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025 (the “Redemption Notes”), as set forth in the notice of redemption issued November 6, 2023.

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 their applicable procedures.

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 securities 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 securities 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

Christina Lemyre McCraw Manager, Public Relations and Communications Bombardier + 1 514 954 0515

FAQ

What is the latest announcement from Bombardier Inc. (BBD)?

Bombardier Inc. (BBD) has announced the redemption of all its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025.

When was the redemption of the senior notes announced?

The redemption was announced on November 6, 2023.

How is the payment of the redemption price and surrender of the Redemption Notes being made?

The payment and surrender are being made through the facilities of the Depository Trust Company in accordance with their applicable procedures.

Are the mentioned securities registered under the United States Securities Act of 1933?

No, the securities mentioned in the press release have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws.

Have the mentioned securities been qualified for distribution to the public under applicable Canadian securities laws?

No, the securities mentioned have not been qualified for distribution to the public under applicable Canadian securities laws.