Bombardier Announces Conditional Notice of Partial Redemption for US$500,000,000 of its 7.875% Senior Notes due 2027
Bombardier (BDRBF) has announced a conditional partial redemption of US$500 million of its 7.875% Senior Notes due 2027. The redemption is scheduled for June 13, 2025, at a redemption price of 100.00% of the principal amount plus accrued and unpaid interest.
The redemption is contingent upon Bombardier completing a new debt securities offering of at least US$500 million before the redemption date, although the company may waive or delay this condition at its discretion. The redemption process will be facilitated through the Depository Trust Company, with Deutsche Bank Trust Company Americas serving as the paying agent.
Bombardier (BDRBF) ha annunciato un rimborso parziale condizionato di 500 milioni di dollari USA delle sue Senior Notes al 7,875% con scadenza 2027. Il rimborso è previsto per il 13 giugno 2025, al prezzo di rimborso del 100,00% del valore nominale più gli interessi maturati e non pagati.
Il rimborso è subordinato al completamento da parte di Bombardier di un'offerta di nuovi titoli di debito per almeno 500 milioni di dollari USA prima della data di rimborso, anche se la società può rinunciare o posticipare questa condizione a sua discrezione. Il processo di rimborso sarà gestito tramite la Depository Trust Company, con Deutsche Bank Trust Company Americas come agente di pagamento.
Bombardier (BDRBF) ha anunciado un reembolso parcial condicional de 500 millones de dólares estadounidenses de sus Notas Senior al 7.875% con vencimiento en 2027. El reembolso está programado para el 13 de junio de 2025, a un precio de reembolso del 100,00% del importe principal más los intereses acumulados y no pagados.
El reembolso está condicionado a que Bombardier complete una nueva oferta de valores de deuda por al menos 500 millones de dólares antes de la fecha de reembolso, aunque la compañía puede renunciar o retrasar esta condición a su discreción. El proceso de reembolso se facilitará a través de la Depository Trust Company, con Deutsche Bank Trust Company Americas actuando como agente pagador.
Bombardier (BDRBF)는 2027년 만기 7.875% 선순위 채권 중 5억 달러의 조건부 부분 상환을 발표했습니다. 상환 예정일은 2025년 6월 13일이며, 상환 가격은 원금의 100.00%와 미지급 이자가 포함됩니다.
상환은 Bombardier가 상환일 이전에 최소 5억 달러 규모의 새로운 채무 증권 발행을 완료하는 것을 조건으로 하며, 회사는 재량에 따라 이 조건을 포기하거나 연기할 수 있습니다. 상환 절차는 Depository Trust Company를 통해 진행되며, Deutsche Bank Trust Company Americas가 지급 대행을 맡습니다.
Bombardier (BDRBF) a annoncé un remboursement partiel conditionnel de 500 millions de dollars US de ses obligations Senior à 7,875 % arrivant à échéance en 2027. Le remboursement est prévu pour le 13 juin 2025, au prix de remboursement de 100,00 % du montant principal plus les intérêts courus et non payés.
Ce remboursement est conditionné à ce que Bombardier réalise une nouvelle émission de titres de dette d'au moins 500 millions de dollars US avant la date de remboursement, bien que la société puisse renoncer à cette condition ou en différer l'application à sa discrétion. Le processus de remboursement sera facilité par la Depository Trust Company, avec Deutsche Bank Trust Company Americas agissant en tant qu'agent payeur.
Bombardier (BDRBF) hat eine bedingte teilweise Rückzahlung von 500 Millionen US-Dollar seiner 7,875% Senior Notes mit Fälligkeit 2027 angekündigt. Die Rückzahlung ist für den 13. Juni 2025 geplant und erfolgt zum Rückzahlungspreis von 100,00% des Nennbetrags zuzüglich aufgelaufener und nicht gezahlter Zinsen.
Die Rückzahlung ist davon abhängig, dass Bombardier vor dem Rückzahlungstermin eine neue Schuldverschreibung in Höhe von mindestens 500 Millionen US-Dollar platziert. Das Unternehmen kann diese Bedingung jedoch nach eigenem Ermessen aufheben oder verschieben. Der Rückzahlungsprozess wird über die Depository Trust Company abgewickelt, wobei die Deutsche Bank Trust Company Americas als Zahlungstreuhänder fungiert.
- Debt refinancing initiative shows proactive financial management
- Potential to improve debt structure with new offering
- Company maintains flexibility with option to waive or delay conditions
- New debt offering could maintain high interest expense burden
- Redemption conditional on new debt issuance indicates dependence on refinancing
MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US
On May 14, 2025, a copy of the conditional notice of redemption with respect to the 2027 Notes was issued to the record holders thereof. Payment of the redemption price and surrender of the 2027 Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company on June 13, 2025. The name and address of the paying agent are as follows: Deutsche Bank Trust Company Americas, c/o Deutsche Bank Services Americas, 5022 Gate Parkway, Jacksonville, Florida 32256, Attention: Corporate Team/Bombardier Inc., Tel: 1-800-735-7777.
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 securities 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 securities 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 may only be made on a basis which is exempt from the prospectus requirements of such securities laws.
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 |
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