Bombardier Completes Redemption of All Outstanding 7.35% Debentures due 2026

Rhea-AI Summary

Bombardier (OTC:BDRBF) redeemed all outstanding C$150 million 7.35% debentures due 2026, completing the previously announced transaction. Since 2020, long-term debt has been reduced by about $6.1 billion, cutting annual interest payments by over $460 million and eliminating debt maturities until November 2030.

Bombardier targets an adjusted net debt-to-adjusted EBITDA ratio of ~1.5x over time and has reduced debt by more than $1.1 billion in 2026.

Positive

• Redemption of C$150 million 7.35% debentures due 2026 completed
• Long-term debt reduced by approximately $6.1 billion since 2020
• Annual interest payments lowered by more than $460 million
• Debt reduced by over $1.1 billion so far in 2026
• No debt maturities until November 2030
• Stated target adjusted net debt-to-adjusted EBITDA ratio of ~1.5x

Negative

• None.

News Market Reaction – BDRBF

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+1.35% Session close to close

In the Jun 29 session, BDRBF gained 1.35%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MONTREAL, June 26, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all outstanding C$150 million aggregate principal amount of its 7.35% Debentures due 2026 (the “2026 Debentures”), as previously announced on April 30, 2026.

“Since 2020, we have maintained a disciplined and deliberate focus on debt reduction, lowering our long-term debt by approximately $6.1 billion. This has reduced our interest payments by more than $460 million on an annualized basis, and we remain firmly committed to allocating capital toward debt reduction to achieve an adjusted net debt-to-adjusted EBITDA ratio of ~1.5x over time. With today’s announcement of the redemption of C$150 million debentures due in 2026, we have now reduced debt by over $1.1 billion this year. With no maturities until November 2030, we are well positioned to fully focus on and accelerate our next phase of growth,” said Bart Demosky, Chief Financial Officer, Bombardier.

Payment of the redemption price and surrender of the 2026 Debentures for redemption are being made through the facilities of CDS Clearing and Depository Services Inc., in accordance with its applicable procedures.

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 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. 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.

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	Mark Masluch
Vice President, Financial Planning and Investor Relations	Senior Director, Communications
Bombardier	Bombardier
+1 514 954 1715	+1 514 855 7167

FAQ

What did Bombardier (BDRBF) announce about its 7.35% debentures due 2026?

Bombardier announced it has redeemed all outstanding C$150 million 7.35% debentures due 2026. According to Bombardier, payment of the redemption price and surrender of the debentures are being handled through CDS Clearing and Depository Services under its applicable procedures.

How much debt has Bombardier (BDRBF) reduced in 2026 with the latest redemption?

Bombardier reports reducing debt by over $1.1 billion in 2026, including this redemption. According to Bombardier, the C$150 million debenture payoff forms part of a broader capital allocation strategy focused on ongoing debt reduction and balance sheet strengthening.

How much has Bombardier (BDRBF) lowered its long-term debt since 2020?

Bombardier states it has lowered long-term debt by about $6.1 billion since 2020. According to Bombardier, this deleveraging effort also reduced annual interest payments by more than $460 million, improving financial flexibility for future operations and growth initiatives.

What interest savings does Bombardier (BDRBF) report from its debt reduction efforts?

Bombardier reports annual interest payments have fallen by more than $460 million due to debt reduction since 2020. According to Bombardier, this improvement follows approximately $6.1 billion in long-term debt reduction, including the C$150 million debentures redeemed in June 2026.

When is Bombardier’s (BDRBF) next debt maturity after redeeming the 2026 debentures?

Bombardier indicates it has no debt maturities until November 2030 following this redemption. According to Bombardier, clearing the C$150 million 2026 debentures allows management to focus on accelerating its next phase of growth and progressing toward its leverage target.

What leverage target is Bombardier (BDRBF) pursuing after the 2026 debenture redemption?

Bombardier is aiming for an adjusted net debt-to-adjusted EBITDA ratio of about 1.5x over time. According to Bombardier, continued capital allocation toward debt reduction, including the C$150 million 2026 debenture redemption, supports progress toward this leverage objective.