Bombardier Completes Redemption of its 6.00% Senior Notes due 2022

Rhea-AI Summary

Bombardier has successfully redeemed $475 million of its 6.00% Senior Notes due 2022, as announced on June 22, 2021. This strategic move is part of Bombardier's ongoing financial management efforts. The redemption of these notes may positively impact the company's balance sheet and reduce debt obligations. However, the company warns that forward-looking statements are subject to risks and uncertainties that could affect future results.

Positive

• Redemption of $475 million in Senior Notes may enhance financial stability.
• Reduction in debt obligations could improve balance sheet health.

Negative

• The company is still exposed to risks and uncertainties related to forward-looking statements.

MONTRÉAL, July 22, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed, as set forth in the notice of redemption issued on June 22, 2021, US$475,000,000 of its outstanding 6.00% Senior Notes due 2022 (CUSIP: 097751BJ9 / ISIN: US097751BJ96 (144A)) // CUSIP: C10602AY3 / ISIN: USC10602AY36 (Reg. S)) (the “Notes”).

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 amount did Bombardier redeem in Senior Notes on July 22, 2021?

Bombardier redeemed $475 million of its 6.00% Senior Notes due 2022.

What is the significance of Bombardier's redemption of Senior Notes for investors?

The redemption may improve Bombardier's financial stability and reduce its debt obligations.

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

No, the Senior Notes have not been registered and may not be offered or sold in the U.S. without registration or exemption.

What risks are associated with Bombardier's forward-looking statements?

Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ.

When was the notice of redemption for Bombardier's Senior Notes issued?

The notice of redemption was issued on June 22, 2021.