Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
Bombardier (BDRBF) has successfully closed its previously announced offering of US$500 million Senior Notes due 2033 with a coupon of 6.750% per annum. The company plans to use the proceeds, along with cash on hand, to repay existing debt, specifically to redeem US$500 million of its outstanding 7.875% Senior Notes due 2027. The redemption is expected to be completed on June 13, 2025. Currently, there is US$683,142,000 aggregate principal amount outstanding of the 2027 Notes. The new notes were sold at par and will mature on June 15, 2033.
Bombardier (BDRBF) ha completato con successo l'offerta precedentemente annunciata di Note Senior da 500 milioni di dollari USA con scadenza nel 2033, con un tasso cedolare del 6,750% annuo. L'azienda intende utilizzare i proventi, insieme alla liquidità disponibile, per rimborsare il debito esistente, in particolare per riscattare 500 milioni di dollari USA delle Note Senior in circolazione con cedola del 7,875% e scadenza nel 2027. Il riscatto è previsto per il 13 giugno 2025. Attualmente, il valore nominale complessivo delle Note 2027 ancora in circolazione è di 683.142.000 dollari USA. Le nuove note sono state vendute a valore nominale e scadranno il 15 giugno 2033.
Bombardier (BDRBF) ha cerrado con éxito su oferta previamente anunciada de Notas Senior por 500 millones de dólares estadounidenses con vencimiento en 2033, con un cupón del 6,750% anual. La compañía planea utilizar los ingresos, junto con el efectivo disponible, para pagar la deuda existente, específicamente para redimir 500 millones de dólares estadounidenses de sus Notas Senior en circulación con un cupón del 7,875% y vencimiento en 2027. Se espera que el rescate se complete el 13 de junio de 2025. Actualmente, hay un monto principal agregado pendiente de 683.142.000 dólares estadounidenses de las Notas 2027. Las nuevas notas se vendieron a la par y vencerán el 15 de junio de 2033.
봄바디어 (BDRBF)는 연 6.750% 쿠폰이 적용된 2033년 만기 5억 달러 선순위 채권의 사전 공지된 공모를 성공적으로 마감했습니다. 회사는 이 수익금과 보유 현금을 사용하여 기존 부채를 상환할 계획이며, 특히 2027년 만기 7.875% 선순위 채권 5억 달러를 상환할 예정입니다. 상환은 2025년 6월 13일에 완료될 것으로 예상됩니다. 현재 2027년 채권의 총 원금 잔액은 6억 8,314만 2,000달러입니다. 새 채권은 액면가로 판매되었으며 2033년 6월 15일에 만기됩니다.
Bombardier (BDRBF) a clôturé avec succès son offre précédemment annoncée de 500 millions de dollars US de billets seniors échéant en 2033, avec un coupon annuel de 6,750%. La société prévoit d'utiliser les fonds levés, ainsi que la trésorerie disponible, pour rembourser sa dette existante, notamment pour racheter 500 millions de dollars US de ses billets seniors en circulation à 7,875% échéant en 2027. Le remboursement devrait être finalisé le 13 juin 2025. Actuellement, le montant principal total des billets 2027 en circulation s'élève à 683 142 000 dollars US. Les nouveaux billets ont été vendus au pair et arriveront à échéance le 15 juin 2033.
Bombardier (BDRBF) hat sein zuvor angekündigtes Angebot von Senior Notes in Höhe von 500 Millionen US-Dollar mit Fälligkeit 2033 erfolgreich abgeschlossen, mit einem Kupon von 6,750% pro Jahr. Das Unternehmen plant, die Erlöse zusammen mit verfügbaren liquiden Mitteln zur Rückzahlung bestehender Schulden zu verwenden, insbesondere zur Rückzahlung von 500 Millionen US-Dollar seiner ausstehenden Senior Notes mit 7,875% Kupon und Fälligkeit 2027. Die Rückzahlung soll am 13. Juni 2025 abgeschlossen sein. Derzeit beträgt der ausstehende Nennbetrag der 2027er Notes 683.142.000 US-Dollar. Die neuen Notes wurden zum Nennwert verkauft und laufen am 15. Juni 2033 ab.
- Lower interest rate on new notes (6.750%) compared to retiring notes (7.875%), reducing interest expenses
- Successful debt refinancing extends maturity from 2027 to 2033, improving debt structure
- Maintains same principal amount without increasing total debt burden
- Company continues to carry significant debt load
- New debt issuance indicates continued reliance on debt financing
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US
Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of US
The redemption is expected to be completed on June 13, 2025, in accordance with the notice of partial redemption that Bombardier issued on May 14, 2025.
This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.
The New Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The New Notes mentioned herein were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act. The New Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada was made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes were offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements.
For information
| Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +1 514 240 9649 | Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167 |
FAQ
What is the interest rate and maturity of Bombardier's new 2033 Senior Notes?
How much debt is Bombardier refinancing with the new 2033 Notes?
When will Bombardier complete the redemption of the 2027 Notes?
How much will Bombardier save in interest costs with the new notes?
What is the total amount of Bombardier's 2027 Notes outstanding before this redemption?
