Business
Bombardier Announces Launch of US$250 million Offering of Additional 6.75% Senior Notes due 2033 to Repay Existing Debt
MONTRÉAL, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) to...
About this update from Bombardier Inc. Class A
[{"type":"text","content":"Bombardier Announces Launch of US$250 million Offering of Additional 6.75% Senior Notes due 2033 to Repay Existing Debt\n\n\n\n MONTRÉAL, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has launched an offering of US$250 million aggregate principal amount of Senior Notes due 2033 (the “Additional Notes”). The Additional Notes will be a further issuance of, and form a single series with, the existing $500 million aggregate principal amount of its 6.750% Senior Notes due 2033 that were originally issued on May 29, 2025.\n \n\n Bombardier intends to use the proceeds of the offering of the Additional Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of all of its remaining outstanding 7.125% Senior Notes due 2026 (the “2026 Notes” and such redemption, the “Conditional 2026 Notes Redemption”), and the redemption of approximately US$84 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes” and such redemption, the “Conditional 2027 Notes Redemption”, and together with the Conditional 2026 Notes Redemption, the “Conditional Notes Redemptions”), and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, there is US$166,289,000 aggregate principal amount outstanding of the 2026 Notes and US$183,142,000 aggregate principal amount outstanding of the 2027 Notes.\n \n\n Consummation of the offering of the Additional Notes and the Conditional Notes Redemptions 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 Notes Redemptions are expected to be subject to certain conditions, including the completion of the offering of the Additional Notes.\n \n\n\n 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.\n \n\n\n\n The securities mentioned herein have not...