BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier has announced a US$500 million offering of new Senior Notes due 2029. The proceeds will be used for the redemption of all outstanding 7.500% Senior Notes due 2024, approximately $396 million of which remain, and to finance the purchase of up to $104 million of 7.50% Senior Notes due 2025. The success of these transactions hinges on market conditions, and there is no guarantee they will be completed as planned.

These notes will not be publicly offered in Canada and will only be sold to qualified institutional buyers in the U.S. Please note, this announcement does not constitute an offer to buy or sell any securities.

Bombardier announced its preliminary financial results for 2022, highlighting significant growth in various metrics. The company reported 123 aircraft deliveries, exceeding its guidance of 120 units. Revenues reached approximately $6.9 billion, surpassing the projected $6.5 billion. Adjusted EBITDA is estimated at $930 million, above the previous guidance of $825 million. Free cash flow stands at about $735 million, exceeding the expected $515 million. The company also reported an order backlog growth to approximately $14.8 billion and adjusted liquidity of around $1.7 billion.

Bombardier announced a tender offer to purchase up to $104 million of its 7.50% Senior Notes due 2025, aiming to manage outstanding debt. The offer will be financed by proceeds from a concurrent new offering of notes, exempt from U.S. registration requirements. Key dates include the early tender date on January 30, 2023 and the expiration date on February 13, 2023. Holders tendering before the early date can receive an additional $30 per $1,000 principal. Notably, the tender offer is conditioned on the successful completion of the new offering. It is critical for investors to understand the implications of debt management on the company's financial health.

Bombardier has officially broken ground on its new service center at Abu Dhabi International Airport, marking the company's first full-service facility in the UAE. Covering close to 100,000 sq. ft., this facility will enhance maintenance, repair, and overhaul (MRO) capabilities for Bombardier's business aircraft. Part of a global expansion, it aims to increase aftermarket revenues and generate over 100 new aerospace jobs by 2025. The center will support various Bombardier aircraft models, including the Global 7500 and the upcoming Global 8000.

Bombardier has inaugurated an expansion at its London Biggin Hill Service Centre, increasing the facility's footprint to nearly 250,000 square feet. The enhancement includes new maintenance capabilities and expands service bays from 8 to 22, allowing for simultaneous accommodation of up to 14 Global 7500 aircraft. This expansion highlights Bombardier’s commitment to its European customers and enhances local employment, with workforce expected to exceed 250. The facility also focuses on environmental sustainability, incorporating solar panels and electric charging stations.

Bombardier has announced a new firm order for four Global 8000 aircraft, valued at $312 million, from NetJets, a leading private aviation company. This order expands NetJets' fleet to 24 Global 8000 jets, which will be the fastest and longest-range purpose-built business jet in the world, with a top speed of Mach 0.94 and a range of 8,000 nautical miles. The announcement highlights the continued partnership between Bombardier and NetJets, with plans to upgrade existing Global 7500 jets to the Global 8000 model.

Bombardier Defense has announced significant progress in its collaboration with Lufthansa Technik through the arrival of a Global 6000 jet in Wichita, Kansas. This marks the beginning of major structural modifications as part of the German PEGASUS program, aimed at enhancing military surveillance capabilities. The modifications will accommodate the Kalætron Integral signal intelligence system by HENSOLDT. Following this, two more jets will be added to the project, emphasizing Bombardier's role in special mission aircraft.

Bombardier's Safety Standdown conference returns from November 8-10 in Wichita, KS, expected to attract nearly 400 participants with over 1,000 joining online from 25 countries. This year's theme, 'Moving Safety Forward,' emphasizes safety leadership and compliance culture in aviation. Attendees will engage in workshops covering Safety Management Systems and stress management, featuring esteemed speakers like Tony Kern and FBI's Amy Grubb. Since its inception in 1996, the event has promoted safety standards and is offered free of charge as Bombardier's industry contribution.

Bombardier has initiated a tender offer to purchase up to $100 million of its 7.500% Senior Notes due 2024 and 2025. The total purchase will be funded from the company's cash reserves. Holders of the notes must tender them by November 18, 2022, to qualify for an early tender payment of $30 per $1,000 principal. The tender offer expires on December 5, 2022. Conditions apply for acceptance based on the tender cap for each series of notes. This move reflects Bombardier's proactive management of its debt obligations.