Bombardier Announces Conditional Notice of Redemption for All Outstanding 7.50% Senior Notes due 2029
Bombardier (OTC:BDRBF) issued a conditional notice to redeem all outstanding 7.50% Senior Notes due 2029, aggregate principal US$750,000,000.
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Rhea-AI Summary
Bombardier (OTC:BDRBF) issued a conditional notice to redeem all outstanding 7.50% Senior Notes due 2029, aggregate principal US$750,000,000. The redemption date is May 19, 2026 at a price of 103.750% plus accrued interest, conditioned on issuing at least US$500,000,000 of new notes.
Payment will use proceeds from the New Notes offering and cash on the balance sheet; Bombardier may delay or waive the condition.
Positive
- Redeeming US$750,000,000 of 7.50% 2029 notes
- Redemption price set at 103.750% plus accrued interest
- Redemption financed by New Notes and available cash
Negative
- Redemption conditioned on at least US$500,000,000 New Notes offering
- Condition allows issuer to delay or waive at its discretion
Details
News Market Reaction – BDRBF
On May 4, the day this news came out, BDRBF closed 2.31% below the previous close.
Data tracked by StockTitan Argus for the May 4 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, May 04, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of redemption (the “Notice of Redemption”) for all of its outstanding
On May 4, 2026, a copy of the Notice of Redemption was issued to the record holders thereof. Payment of the redemption price and surrender of the 2029 Notes for redemption will be made on May 19, 2026 through the facilities of the Depository Trust Company in accordance with its applicable procedures. 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 +1 514 954 1715 | Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167 |
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