Bombardier Completes Redemption of All Outstanding 7.50% Senior Notes due 2029

Rhea-AI Summary

Bombardier (BDRBF) announced it has completed the redemption of all outstanding US$750 million 7.50% Senior Notes due 2029. The redemption was funded with proceeds from a new notes offering and US$250 million of cash on hand, with payments processed through Depository Trust Company procedures.

Positive

• Redeemed all US$750 million 7.50% Senior Notes due 2029
• Used proceeds of a new notes offering plus US$250 million cash to complete redemption

Negative

• Redemption required US$250 million of cash from Bombardier’s balance sheet

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MONTREAL, May 19, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all outstanding US$750,000,000 aggregate principal amount of its 7.50% Senior Notes due 2029 (the “Redemption Notes”), as set forth in the notice of redemption issued May 4, 2026. This debt redemption was funded using the proceeds of a new notes offering and US$250,000,000 of cash from Bombardier’s balance sheet.

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 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 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

FAQ

What did Bombardier (BDRBF) announce on May 19, 2026 about its 7.50% Senior Notes due 2029?

Bombardier announced it has redeemed all outstanding 7.50% Senior Notes due 2029. According to Bombardier, the redemption covered US$750 million aggregate principal, fully removing this specific debt issue from its capital structure as of the announcement date.

How large was the Bombardier (BDRBF) 7.50% Senior Notes due 2029 redemption?

The redemption covered US$750 million in aggregate principal of 7.50% Senior Notes due 2029. According to Bombardier, all outstanding notes in this series were redeemed, completing the transaction through the facilities and procedures of the Depository Trust Company.

How did Bombardier (BDRBF) fund the redemption of its 7.50% Senior Notes due 2029?

Bombardier funded the redemption using proceeds from a new notes offering and cash on hand. According to Bombardier, US$250 million of the redemption price came directly from its balance sheet, with the remainder supported by the new notes issuance.

Does the May 19, 2026 Bombardier (BDRBF) announcement constitute an offer to sell securities?

The announcement explicitly does not constitute an offer to sell or buy securities. According to Bombardier, no offer or sale will occur where it would be unlawful, and the communication is not a solicitation in any jurisdiction.

Are the Bombardier (BDRBF) securities related to this redemption registered under the U.S. Securities Act of 1933?

The securities mentioned have not been and will not be registered under the U.S. Securities Act of 1933. According to Bombardier, they may not be offered or sold in the United States without registration or a valid exemption from registration requirements.

Can Bombardier (BDRBF) publicly distribute the related securities in Canada following the notes redemption?

The related securities will not be qualified for public distribution under Canadian securities laws. According to Bombardier, any offer and sale in Canada must rely on exemptions from prospectus requirements, rather than a full public qualification process.