Bombardier Announces Launch of US$500 million New Issuance of Senior Notes due 2033 to retire US$500 million of its Senior Notes due 2027
Bombardier (BDRBF) has announced the launch of a US$500 million Senior Notes offering due 2033. The company plans to use the proceeds, along with cash on hand, to fund the repayment and retirement of existing debt, specifically the redemption of US$500 million of its outstanding 7.875% Senior Notes due 2027. Currently, there is US$683,142,000 aggregate principal amount outstanding of the 2027 Notes.
The completion of both the new notes offering and the 2027 Notes redemption are subject to market conditions and other factors. The New Notes will be offered exclusively to qualified institutional buyers in the United States under Rule 144A and to accredited investors in Canada through private placement.
Bombardier (BDRBF) ha annunciato il lancio di un'offerta di Senior Notes da 500 milioni di dollari USA con scadenza nel 2033. La società intende utilizzare i proventi, insieme alla liquidità disponibile, per finanziare il rimborso e l'estinzione del debito esistente, in particolare il riscatto di 500 milioni di dollari USA delle sue Senior Notes in scadenza nel 2027 con un tasso del 7,875%. Attualmente, l'importo principale aggregato in circolazione delle Notes 2027 è di 683.142.000 dollari USA.
Il completamento sia dell'offerta delle nuove notes sia del riscatto delle Notes 2027 dipende dalle condizioni di mercato e da altri fattori. Le nuove Notes saranno offerte esclusivamente a investitori istituzionali qualificati negli Stati Uniti ai sensi della Rule 144A e a investitori accreditati in Canada tramite collocamento privato.
Bombardier (BDRBF) ha anunciado el lanzamiento de una oferta de Senior Notes por 500 millones de dólares estadounidenses con vencimiento en 2033. La compañía planea utilizar los ingresos, junto con el efectivo disponible, para financiar el pago y la cancelación de la deuda existente, específicamente el rescate de 500 millones de dólares de sus Senior Notes pendientes al 7.875% con vencimiento en 2027. Actualmente, el monto principal agregado pendiente de las Notes 2027 es de 683,142,000 dólares estadounidenses.
La finalización tanto de la nueva oferta de notes como del rescate de las Notes 2027 está sujeta a las condiciones del mercado y otros factores. Las nuevas Notes se ofrecerán exclusivamente a compradores institucionales calificados en Estados Unidos bajo la Regla 144A y a inversores acreditados en Canadá mediante colocación privada.
Bombardier (BDRBF)는 2033년 만기 5억 달러 규모의 선순위 채권 발행을 발표했습니다. 회사는 현금과 함께 발행 수익을 기존 부채 상환 및 소멸, 특히 2027년 만기 7.875% 선순위 채권 5억 달러의 상환에 사용할 계획입니다. 현재 2027년 채권의 총 원금 잔액은 6억 8,314만 2,000 달러입니다.
신규 채권 발행과 2027년 채권 상환의 완료는 시장 상황 및 기타 요인에 따라 달라집니다. 신규 채권은 미국 내 Rule 144A에 따른 적격 기관 투자자에게 독점적으로 제공되며, 캐나다에서는 인증 투자자에게 사모 방식으로 제공됩니다.
Bombardier (BDRBF) a annoncé le lancement d'une émission de Senior Notes de 500 millions de dollars US échéance 2033. La société prévoit d'utiliser les fonds levés, ainsi que sa trésorerie disponible, pour financer le remboursement et l'extinction de la dette existante, en particulier le remboursement de 500 millions de dollars US de ses Senior Notes à 7,875 % arrivant à échéance en 2027. À ce jour, le montant principal total en circulation des Notes 2027 s'élève à 683 142 000 dollars US.
La réalisation de l'émission des nouvelles notes ainsi que le remboursement des Notes 2027 sont soumis aux conditions du marché et à d'autres facteurs. Les nouvelles Notes seront offertes exclusivement à des investisseurs institutionnels qualifiés aux États-Unis en vertu de la règle 144A et à des investisseurs accrédités au Canada via un placement privé.
Bombardier (BDRBF) hat die Emission von Senior Notes im Wert von 500 Millionen US-Dollar mit Fälligkeit 2033 angekündigt. Das Unternehmen plant, die Erlöse zusammen mit verfügbaren Barmitteln zur Rückzahlung und Tilgung bestehender Schulden zu verwenden, insbesondere zur Rückzahlung von 500 Millionen US-Dollar seiner ausstehenden 7,875% Senior Notes mit Fälligkeit 2027. Derzeit beträgt der ausstehende Gesamtnennbetrag der 2027 Notes 683.142.000 US-Dollar.
Der Abschluss sowohl des Angebots der neuen Notes als auch der Rückzahlung der 2027 Notes hängt von den Marktbedingungen und weiteren Faktoren ab. Die neuen Notes werden ausschließlich qualifizierten institutionellen Käufern in den USA gemäß Rule 144A und akkreditierten Investoren in Kanada im Rahmen einer Privatplatzierung angeboten.
- Debt restructuring extends maturity from 2027 to 2033, improving financial flexibility
- No net increase in debt as new issuance matches redemption amount
- Potential for improved interest terms with new notes
- Company maintains significant debt level with US$683M in 2027 Notes still outstanding
- Transaction subject to market conditions and may not complete as planned
- Additional costs from fees and accrued interest payments
MONTRÉAL, May 14, 2025 (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 US
Consummation of the offering of the New Notes and the Conditional 2027 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 2027 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 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 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 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 will be made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes 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 2027 Notes. This announcement does not constitute a redemption notice in respect of any 2027 Notes. Any redemption of the 2027 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 +1 514 240 9649 | Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167 |
FAQ
What is the size of Bombardier's (BDRBF) new Senior Notes offering in 2025?
How will Bombardier (BDRBF) use the proceeds from its 2033 Senior Notes?
What is the current outstanding amount of Bombardier's 2027 Notes?
Who can purchase Bombardier's 2033 Senior Notes?
When will Bombardier's new Senior Notes mature?
