BOMBARDIER INC B - BDRBF STOCK NEWS

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.

Bombardier is set to release its financial results for Q2 2021 on August 5, 2021. The results will cover the period ending June 30, 2021. A webcast and conference call for investors and analysts will take place on the same day at 8:00 a.m. EST to discuss these results. Interested parties can access the live call through a toll-free number or via the company’s website, where a replay will also be available post-event.

Bombardier continues to lead in aviation, supporting a fleet of over 4,900 aircraft globally, with operational bases across more than 12 countries.

On July 22, 2021, Bombardier announced the redemption of its 5.750% Senior Notes due 2022, as specified in the notice issued on June 22, 2021. The company redeemed all outstanding notes, indicating a strategic move to manage its debt obligations. The press release clarifies that this announcement is not an offer or solicitation to sell securities. Forward-looking statements included in the release caution that actual results may differ due to various risks and uncertainties.

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.