Bombardier Completes Partial Redemption of US$500,000,000 of its 7.875% Senior Notes due 2027

Rhea-AI Summary

Bombardier (BDRBF) has successfully completed a partial redemption of US$500 million of its 7.875% Senior Notes due 2027. The redemption was executed through the Depository Trust Company following the notice of partial redemption issued on May 14, 2025. This strategic debt management move demonstrates Bombardier's active approach to managing its debt obligations. The redemption process was conducted in compliance with applicable securities laws, with the notes not being registered under the U.S. Securities Act of 1933 or Canadian securities laws.

Positive

• Reduction of US$500 million in outstanding debt obligations
• Demonstrates company's ability to manage and reduce high-interest debt (7.875%)
• Shows financial flexibility and liquidity to execute debt reduction

Negative

• Significant cash outlay required for debt redemption
• Remaining portion of the 2027 Notes still outstanding

MONTRÉAL, June 13, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$500 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued May 14, 2025.

Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.

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 Redemption 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 Redemption 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 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

FAQ

How much debt did Bombardier (BDRBF) redeem in June 2025?

Bombardier redeemed US$500 million principal amount of its 7.875% Senior Notes due 2027.

What is the interest rate on Bombardier's 2027 Senior Notes?

The Senior Notes due 2027 carry an interest rate of 7.875%.

When did Bombardier announce the notice of partial redemption for its 2027 Notes?

Bombardier announced the notice of partial redemption on May 14, 2025.

How is Bombardier executing the redemption of its 2027 Notes?

The redemption is being executed through the facilities of the Depository Trust Company in accordance with their applicable procedures.

Are Bombardier's 2027 Senior Notes registered under U.S. Securities laws?

No, the Notes are not registered under the United States Securities Act of 1933 or Canadian securities laws.