Core Viewpoint - Bombardier Inc. has successfully closed a US$250 million offering of Senior Notes due 2033, which will be used to repay existing debt and cover related expenses [1][2]. Group 1: Offering Details - The Additional Notes are a further issuance of the existing US$500 million Senior Notes with a coupon rate of 6.750% per annum, maturing on June 15, 2033 [1]. - The Additional Notes were sold at a price of 103.500% plus accrued interest from May 29, 2025 [1]. Group 2: Use of Proceeds - Proceeds from the Additional Notes will be used to repay outstanding indebtedness, including the redemption of all remaining 7.125% Senior Notes due 2026 and approximately US$84 million of 7.875% Senior Notes due 2027 [2]. - As of the announcement date, US$166.289 million of the 2026 Notes and US$183.142 million of the 2027 Notes remain outstanding [2]. Group 3: Redemption Information - The redemption date for the 2026 and 2027 Notes is set for October 4, 2025, with payments expected to be completed on October 6, 2025 [3].
Bombardier Announces Closing of its Offering of Additional 6.75% Senior Notes due 2033
Globenewswire·2025-09-18 21:01