Indenture amendment
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Bombardier Announces Successful Completion of Consent Solicitation with Respect to its 7.450% Notes due 2034
Globenewswire· 2026-03-23 11:30
Core Viewpoint - Bombardier Inc. has successfully received the necessary consents from holders of its 7.450% Notes due 2034 to amend the indenture governing these notes, allowing the proposed amendment to take effect [1][3]. Group 1: Consent Solicitation Details - Bombardier initiated a consent solicitation for the holders of the US Notes to adopt a proposed amendment to the indenture dated April 21, 2004, as supplemented by a first supplemental indenture dated May 20, 2021 [2]. - The consent deadline for the US Notes was set for March 20, 2026, requiring consents from holders representing a majority of the outstanding aggregate principal amount [3]. - As of the consent deadline, holders representing more than the majority of the outstanding aggregate principal amount of the US Notes delivered their consents, leading to the execution of the Supplemental Indenture [3]. Group 2: Consent Payment Information - Bombardier plans to make a consent payment of US$2.50 per US$1,000 principal amount of US Notes on March 25, 2026, to those holders who validly delivered their consent by the deadline [4]. - Holders who did not validly deliver or revoked their consent prior to the deadline will not be eligible for the consent payment [4]. Group 3: Ongoing Consent Solicitation - The announcement clarifies that the consent solicitation for Bombardier's 7.35% Debentures due 2026 is ongoing, with a separate consent deadline of March 27, 2026 [6].