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Bombardier Completes Redemption of its 6.00% Senior Notes due 2022

(Moderate)

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Rhea-AI Summary

Bombardier has successfully redeemed all outstanding 6.00% Senior Notes due 2022 as announced on September 13, 2021. This action follows the notice of redemption issued on August 12, 2021. The company emphasizes that this press release does not constitute an offer to sell or buy securities, and the notes are not registered under U.S. securities laws. The company also highlights that any forward-looking statements carry inherent risks and uncertainties that could impact future results.

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Positive

  • Complete redemption of all outstanding 6.00% Senior Notes due 2022 enhances financial stability.

Negative

  • None.
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MONTRÉAL, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed, as set forth in the notice of redemption issued on August 12, 2021, all of its outstanding 6.00% Senior Notes due 2022 (CUSIP: 097751BJ9 / ISIN: US097751BJ96 (144A)) // CUSIP: C10602AY3 / ISIN: USC10602AY36 (Reg. S)) (the “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 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 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.

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 Senior Director, Communications 
and Investor RelationsBombardier
Bombardier+514 855 7167
+514 240 9649 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent press release about Bombardier on September 13, 2021?

Bombardier announced the redemption of all outstanding 6.00% Senior Notes due 2022 as part of a notice issued on August 12, 2021.

What are the implications of Bombardier redeeming its Senior Notes?

The redemption of the Senior Notes improves Bombardier's financial stability by reducing debt obligations.

Is the redemption of senior notes positive for Bombardier's stock symbol BDRBF?

Yes, the successful redemption is generally seen as a positive move for Bombardier's financial health, potentially favoring stock performance.

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