BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier, in collaboration with F/LIST, has launched a new 700-sq. ft. Material Lounge at the London Biggin Hill Service Centre. This lounge, the largest of its kind in Bombardier's international network, showcases an extensive selection of interior materials, fabrics, and components for aircraft enhancement. Customers can now choose from over 1,300 samples of wood veneers, stone surfaces, leathers, fabrics, and metal finishes, including F/LIST's innovative biobased materials. This addition enhances the full range of services offered at the London Biggin Hill facility, which is the UK's largest business aviation maintenance, repair, and overhaul (MRO) centre. The Material Lounge aims to provide an immersive design experience for aircraft owners and operators, aligning with Bombardier's commitment to exceptional customer service and support in the European market.

Bombardier showcased its newly branded Global 7500 and Challenger 3500 aircraft at the Catarina Aviation Show in São Paulo, Brazil. The event, occurring from June 13-15, marked the beginning of Bombardier's demo tour in Brazil. The Global 7500 offers an impressive range of 7,700 nautical miles, a top speed of Mach 0.925, and superior cabin features. The Challenger 3500, built on the reliable Challenger platform, provides exceptional comfort and performance. Bombardier highlights its strong market presence in Latin America, with close to 600 business jets in the region and robust support services.

Bombardier Defense has signed a deal with Aero-Dienst, a subsidiary of ADAC SE, for the purchase of a new Challenger 650 aircraft. The aircraft will be configured as an air ambulance and is set for delivery in 2026. The Challenger 650 is chosen for its range, reliability, and short-field performance, making it ideal for medical evacuations. This agreement highlights Bombardier Defense's expansion in Germany and Europe. ADAC's investment aims to modernize its fleet and enhance its global patient repatriation services. The Challenger 650 will support ADAC's commitment to providing high-quality medical transportation services, equipped with intensive care medical gear for up to four patients.

Bombardier announced the successful closing of its US$750 million senior notes offering, maturing on June 1, 2032, with a 7.000% coupon rate. Proceeds will be used to repay or retire outstanding debt, including US$338 million of 7.125% Senior Notes due 2026 and US$450 million of 7.875% Senior Notes due 2027. The redemptions are expected by June 20, 2024. The new notes were sold at par to qualified institutional buyers in the U.S. and accredited investors in Canada.

Bombardier announced that S&P Global Ratings has upgraded its credit rating from B to B+ with a stable outlook. This upgrade reflects Bombardier's financial strength and effective management as the company has met or exceeded its guidance for three consecutive years. The upgrade follows a similar improvement by Moody's, which raised Bombardier's rating to B1. The company attributes this success to its strategic focus on debt reduction, enhanced liquidity, and diversified revenue streams, particularly in its Services and Defense segments. Bombardier's strong backlog is expected to support future deliveries.

HENSOLDT, Lufthansa Technik Defense, and Bombardier Defense have announced a significant milestone in the German PEGASUS program, a surveillance initiative using the Bombardier Global 6000 aircraft. The first aircraft has completed foundational modifications at Bombardier's Wichita facility and is now prepared for ground testing. The PEGASUS program, valued over one billion euros, aims to integrate HENSOLDT's Kalætron Integral signals intelligence system for airborne missions. Lufthansa Technik Defense will complete the system integration in Hamburg. The program remains on track with upcoming flight tests. This collaboration involves multiple SMEs from Germany, Canada, and the U.S.

Bombardier announced its participation in the National Bank Financial Markets' 14th Annual Quebec Conference on June 5, 2024, in Toronto, ON. The company's Executive Vice President and CFO, Bart Demosky, will represent Bombardier at the event. This conference is a key opportunity for investors to gain insights into Bombardier's financial strategies and future outlook. Interested parties can contact Investor Relations for more details.

Bombardier has announced conditional notices of partial redemption for its 7.125% Senior Notes due 2026 and its 7.875% Senior Notes due 2027. The company plans to redeem US$338 million of the 2026 Notes and US$450 million of the 2027 Notes on June 20, 2024. The redemption price for the 2026 Notes is 101.781% of the principal amount, and for the 2027 Notes, it is 100.00% of the principal amount, both plus accrued and unpaid interest.

This partial redemption is contingent upon Bombardier successfully completing a new debt offering of at least US$750 million by the redemption date. The redemption will be processed through the Depository Trust Company. This announcement does not constitute an offer to sell or buy the securities in any jurisdiction where such an offer would be unlawful.

Bombardier has priced a new issuance of US$750 million Senior Notes due June 1, 2032, with an annual coupon rate of 7.000%. The issuance, expected to close by June 5, 2024, aims to repay and retire outstanding debt, including US$338 million of 7.125% Senior Notes due 2026 and US$450 million of 7.875% Senior Notes due 2027. Current outstanding principal amounts are US$504 million for the 2026 Notes and US$1,433 million for the 2027 Notes. The completion of these transactions is contingent upon market conditions. Proceeds will also cover accrued interest and related fees. The new notes are available to qualified institutional buyers in the U.S. and accredited investors in Canada.