Bombardier Announces Completion of New 6.75% Senior Notes Issue Due in 2033
Bombardier Inc. Announces Successful $250 Million Senior Notes Offering
Bombardier Inc., a leading global transportation company, has announced the successful closure of an offering of US$250 million Senior Notes due 2033. The securities were offered and sold under Rule 144A and Regulation S of the United States Securities Act abroad.
The Additional Notes carry a coupon of 6.750% per annum and were sold at a price of 103.500% plus accrued interest. The securities have not been registered under the United States Securities Act of 1933, and may not be offered or sold in the United States unless registered or exempt from such registration requirements. In Canada, the securities were not qualified for distribution to the public and were offered and sold on a private placement basis only to accredited investors.
Bombardier plans to utilise the proceeds from the offering to repay and/or retire outstanding indebtedness. Notably, the company intends to redeem all of its remaining outstanding 7.125% Senior Notes due 2026 and approximately US$84 million of its outstanding 7.875% Senior Notes due 2027. The redemption date for the 2026 Notes and the 2027 Notes is October 4, 2025, and payments are expected to be completed on October 6, 2025.
The Additional Notes form a single series with Bombardier's existing 6.750% Senior Notes due 2033. As of the date of the announcement, there is US$166,289,000 aggregate principal amount outstanding of the 2026 Notes and US$183,142,000 of the 2027 Notes.
The statements in this announcement are forward-looking statements based on current expectations. However, they are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.
Contact information for Francis Richer de La Fleche, Vice President, Financial Planning and Investor Relations, and Mark Masluch, Senior Director, Communications, is provided for further enquiries.
Contact Information
Francis Richer de La Fleche, Vice President, Financial Planning and Investor Relations Email: [email protected] Phone: +1 (514) 861-9481
Mark Masluch, Senior Director, Communications Email: [email protected] Phone: +1 (514) 861-9481
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