Bombardier Announces Launch of US$500,000,000 New Issuance of Senior Notes due 2035 to retire Senior Notes due 2029
Rhea-AI Summary
Bombardier (OTC:BDRBF) launched an offering of US$500,000,000 senior notes due 2035 to fund repayment and/or retirement of outstanding indebtedness, including the proposed redemption of all outstanding 7.50% Senior Notes due 2029 (US$750,000,000 outstanding as of May 4, 2026). The transactions are subject to market and other conditions and there is no assurance they will be completed.
The company intends to use proceeds and cash on hand to pay accrued interest and related fees and expenses. The securities will be offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S.
Positive
- Launched a US$500M senior notes offering due 2035
- Intends to fund repayment and/or retirement of outstanding 2029 notes
- Targeting maturity extension from 2029 to 2035
Negative
- Outstanding 2029 notes total US$750M, exceeding the new issuance by US$250M
- Consummation is conditional on market and other factors; completion is not assured
- Securities not registered in the U.S.; offer limited to qualified institutional buyers
News Market Reaction – BDRBF
In the May 4 session, BDRBF declined 2.31%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, May 04, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has launched an 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 all of its outstanding
Consummation of the offering of the New Notes and the Conditional 2029 Notes Redemption are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The Conditional 2029 Notes Redemption is expected to be subject to certain conditions, including the completion of the offering of the New Notes.
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 may be 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 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 will be made on a basis which is exempt from the prospectus requirements of such securities laws. The securities will be offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy the New Notes or an offer to purchase or solicitation of an offer to sell the 2029 Notes. This announcement does not constitute a redemption notice in respect of any 2029 Notes. Any redemption of the 2029 Notes will be made pursuant to a notice of redemption under the indenture governing such notes.
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 |
