BOMBARDIER INC B - BDRBF STOCK NEWS

On June 28, 2021, Bombardier announced the redemption price for its outstanding 8.750% Senior Notes due 2021, set at US$1,041.39 per US$1,000.00 principal amount. This includes a Make-Whole Premium of US$1,033.86 and accrued interest of US$7.53. The redemption date is July 2, 2021. The announcement highlights forward-looking statements subject to risks and uncertainties, and it clarifies that the Notes are not registered for sale under U.S. securities laws.

Bombardier has extended its cash tender offer by one business day to July 1, 2021, allowing the purchase of up to US$1 billion in senior notes due 2022 and 2023.

This extension was prompted by a federal holiday in the U.S. on June 18, 2021. The tender offer terms remain subject to conditions outlined in the Offer to Purchase document dated June 3, 2021, as amended. Investors are advised to consult their brokers for tendering instructions and potential fees associated with the process.

Bombardier has announced a partial redemption of $475 million of its 6.00% Senior Notes due 2022. The redemption will occur on July 22, 2021, at par plus accrued interest. The selection of notes for redemption will be conducted by lot following the procedures of The Depository Trust Corporation.

This action reflects Bombardier's ongoing financial strategy but does not constitute an offer to sell or buy securities. The notes have not been registered under U.S. securities laws and may not be offered in the U.S. without proper registration.

Bombardier announced a redemption notice for all outstanding 5.750% Senior Notes due 2022. The redemption date is set for July 22, 2021, with the redemption price to be calculated on July 19, 2021. This move reflects Bombardier's ongoing financial strategies aimed at managing its debt obligations more efficiently. The company will disclose the redemption price through a press release on the specified date.

Bombardier has announced the delivery of the first Global 7500 business jet to Indonesia, enhancing its presence in the Asia-Pacific region. With a fleet exceeding 50 aircraft, the Global 7500 boasts a maximum range of 7,700 nautical miles, enabling non-stop travel between major city pairs. The company is expanding its customer service reach, planning a new service center in Melbourne, operational by 2022. Demand for Bombardier's aircraft is rising due to a new generation of business jet users emerging post-pandemic.

On June 17, 2021, Bombardier announced amendments to its cash tender offer, originally declared on June 3, 2021, to purchase up to $1 billion of its outstanding senior notes. The 2023 Tender Cap was increased to $520,558,062.50, allowing Bombardier to buy up to that amount on the Early Settlement Date, expected to be June 18, 2021. As of the Early Tender Date, a total of $210,183,000 in 6% Senior Notes due 2022, $88,364,000 in 5.75% Senior Notes due 2022, and $489,937,000 in 6.125% Senior Notes due 2023 were tendered. All validly tendered notes will be accepted for purchase.

Bombardier has received approval from the Toronto Stock Exchange to buy back up to 62 million Class B shares (subordinate voting) from June 15, 2021 to June 14, 2022, approximately 2.9% of its outstanding shares. The repurchased shares will be held in trust for future obligations under employee incentive plans. The average daily trading volume for these shares is 7.4 million, allowing for daily repurchases of up to 1.9 million shares. Bombardier aims to enhance shareholder value and minimize dilution through this buyback program.

Bombardier has successfully closed an offering of US$1.2 billion in Senior Notes due on June 15, 2026, with a coupon rate of 7.125%. The proceeds will finance a tender offer for outstanding Senior Notes due in 2022 and 2023 and cover related fees. Additionally, remaining funds may be used for general corporate purposes and to pay down other debt. Notably, these notes are not registered under U.S. securities laws and were sold primarily to institutional buyers.

Bombardier has successfully priced its offering of Senior Notes, increasing the total amount to US$1,200,000,000 at a 7.125% annual coupon rate, set to close around June 8, 2021. The net proceeds will finance a tender offer for up to US$1,000,000,000 in outstanding Senior Notes due in 2022 and 2023, covering the 5.750% and 6.000% Notes, among others. Completion of these transactions is subject to market conditions. The press release emphasizes that no offers are made for sales or purchases of securities.