BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier has announced the delivery of a new Challenger 350 business jet to Sundt Air, Norway's largest business jet operator, available for charter from Oslo starting July 2021. The Challenger 350 is recognized for its comfort, performance, and low operating costs. It can accommodate up to eight passengers and operate from short runways, connecting key destinations like North America and Dubai. Bombardier continues to lead the Medium category, with the Challenger 350 being the top-delivered business jet in 2020 for the seventh consecutive year.

Bombardier has launched its Certified Pre-owned aircraft program, enhancing the pre-owned market experience for customers. This program offers selected pre-owned jets equipped with the latest maintenance and reliability upgrades. Each aircraft includes an exclusive one-year manufacturer warranty with operational support. The initiative addresses the growing demand for business jets, positioning Bombardier to leverage its expertise in refurbishment and customer service. Customers can expect high-quality jets with pristine interiors and reliable performance, backed by Bombardier's extensive support network.

Bombardier has successfully redeemed all outstanding 8.750% Senior Notes due 2021, as announced on July 2, 2021. The redemption follows a notice issued on June 3, 2021, and signifies the company's progress in managing its debt obligations. This move is part of Bombardier's strategic financial management efforts. It is important to note that this press release does not constitute an offer to sell or purchase any securities and that the notes are not registered under U.S. or Canadian securities laws.

Bombardier announced the expiration of its cash tender offer to purchase up to US$1 billion in senior notes due 2022 and 2023. The offer, initiated on June 3, 2021, allowed for purchases of notes totaling US$88.36 million of 5.750% notes, US$210.18 million of 6.000% notes, and US$489.94 million of 6.125% notes. Additional valid tenders were accepted prior to expiration, with a Final Settlement Date expected on July 6, 2021.

This announcement does not constitute a securities offer and includes forward-looking statements subject to risks.

Bombardier has secured a firm order for 10 aircraft from an existing customer, totaling $451.8 million based on list prices. This order marks the largest business jet order of the year. The company emphasizes that its class-leading family of business jets caters to the rising demand for private aviation, providing enhanced passenger comfort and convenience. The announcement underlines Bombardier’s commitment to meeting evolving travel needs amid growing interest in business aviation.

Bombardier has successfully delivered two Global 7500 aircraft to Canadian customers, marking the first deliveries of this flagship business jet in Canada. Both aircraft will be managed by Chartright Air Group and based at Toronto Pearson International Airport. With over 50 Global 7500 jets in its growing fleet, Bombardier emphasizes the aircraft's superior performance, luxurious comfort, and extensive range of up to 7,700 nautical miles. The Global 7500 is poised to enhance long-distance business travel options for Canadians, setting a new industry standard.

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.