BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier is set to host a special virtual event on September 14, 2021, at 11:00 am EDT, showcasing innovations in aerospace and its top-selling business jets. The event aims to highlight Bombardier's leadership in the aviation sector, known for setting standards in passenger comfort, energy efficiency, and safety. The company, headquartered in Montréal, operates across 12 countries and supports a fleet of over 4,900 aircraft. Attendees can register for the event online.

Bombardier has delivered a fifth Global business jet to Swedish defense supplier Saab for conversion into its GlobalEye Airborne Early Warning and Control solution. The aircraft, known for high-altitude performance, was modified in Ontario before reaching Sweden. Bombardier emphasized its Global 6000 and Global 6500 as ideal platforms for specialized missions, highlighting their reliability and advanced technology. Saab's GlobalEye has completed its maiden flight and continues to strengthen ties with Canadian military clients.

Bombardier has launched the new myMaintenance App, enhancing the experience for Smart Link Plus subscribers by providing real-time access to essential aircraft data via personal devices. This app aims to improve operational efficiency, allowing flight crews to effectively manage and troubleshoot aircraft service needs. The Smart Link Plus box, recently certified by the FAA, is now available for Challenger 300 and Challenger 350 aircraft, with installations starting in August. Bombardier continues its commitment to digital innovation in aviation.

Bombardier, in collaboration with Rolls-Royce, is enhancing its maintenance offerings for Global aircraft equipped with BR710 engines. This initiative will allow customers to lease replacement engines directly from Bombardier service centers in Wichita, Tucson, and Hartford, with future availability in Berlin, Biggin Hill, and Singapore. The arrangement aims to reduce aircraft downtime and shipping costs by conducting all post-lease maintenance on-site. This strategic move showcases Bombardier's commitment to improving customer service and operational efficiency in aircraft maintenance.

Bombardier announced the redemption of its outstanding 6.125% Senior Notes due 2023, effective September 13, 2021. This decision follows the terms set in the indenture governing the notes, with a redemption price to be disclosed on September 8, 2021. This move reflects Bombardier's financial strategy as it aims to manage its debt obligations efficiently.

Bombardier has announced a notice of redemption for all its outstanding 6.00% Senior Notes due 2022. The redemption date is set for September 13, 2021, with the redemption price at par plus accrued and unpaid interest. This decision is part of Bombardier's financial strategy, aiming to manage its debt obligations effectively. The announcement comes with disclaimers regarding the security's registration status under U.S. and Canadian laws, indicating restrictions on their sale in certain jurisdictions.

Bombardier announced the successful closure of a $750 million Senior Notes offering, maturing on February 15, 2028 with a 6% interest rate. The proceeds will be utilized for debt repayment, including the redemption of existing Senior Notes due in 2022 and 2023, which total $1.048 billion. This strategic move aims to enhance the company's financial position by addressing upcoming debt maturities and related expenses.

Bombardier has successfully priced an offering of US$750,000,000 in new Senior Notes due 2028 with a 6.000% annual coupon. The issuance is set to close on or about August 12, 2021. Proceeds will be used to pay down existing debt, including 6.000% Senior Notes due October 2022 and 6.125% Senior Notes due 2023, totaling $1.048 billion. The announcement includes forward-looking statements reflecting potential risks and uncertainties.

Bombardier raised its FY2021 guidance, expecting aircraft deliveries at ~120 units and revenues exceeding $5.8B. Adjusted EBIT is projected to surpass $175M, while adjusted EBITDA is expected above $575M. The company reported a 50% increase in second-quarter business jet revenues to $1.5B, driven by a 45% rise in deliveries. Strong free cash flow generation of $91M reflects a notable year-over-year improvement. Pro-forma liquidity at quarter-end stands at ~$2.1B, and net debt is ~$5.3B. Bombardier is focused on expanding its service network and strategic debt management.