Bombardier Completes Redemption for All of its 7.500% Senior Notes due 2024

Rhea-AI Summary

Bombardier announced the redemption of all its outstanding 7.500% Senior Notes due 2024, effective February 16, 2023. This action follows the formal notice of redemption issued on January 17, 2023. The payment for the redemption will be handled through the Depository Trust Company in line with established procedures. The company reiterated that these securities have not been registered under the United States Securities Act or Canadian securities laws and cannot be offered without proper registration or exemption. Additionally, the press release included forward-looking statements that carry inherent risks and uncertainties.

MONTREAL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all of its outstanding 7.500% Senior Notes due 2024 (the “Redemption Notes”), as set forth in the notice of redemption issued January 17, 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

Mark Masluch Senior Director, Communications Bombardier +514 855 7167

 

FAQ

What was announced by Bombardier on February 16, 2023?

Bombardier announced the redemption of all its outstanding 7.500% Senior Notes due 2024.

How will Bombardier redeem its Senior Notes?

The redemption payment will be made through the facilities of the Depository Trust Company.

What was the date of the notice of redemption for Bombardier's Senior Notes?

The notice of redemption was issued on January 17, 2023.

Are the securities mentioned in the press release registered?

No, the securities have not been registered under the United States Securities Act or Canadian securities laws.

What does the press release indicate regarding forward-looking statements?

The press release includes forward-looking statements that are subject to known and unknown risks and uncertainties.