Workflow
Senior Notes Issuance
icon
Search documents
Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
Globenewswire· 2025-05-29 21:01
Core Viewpoint - Bombardier Inc. has successfully closed a US$500 million offering of Senior Notes due 2033 with a coupon rate of 6.750% per annum, maturing on June 15, 2033 [1] Group 1: Offering Details - The New Notes were sold at par and will be used to fund the repayment of outstanding indebtedness, specifically the redemption of US$500 million of 7.875% Senior Notes due 2027 [2] - Prior to the redemption, there is US$683,142,000 outstanding of the 2027 Notes [2] Group 2: Redemption Timeline - The redemption of the 2027 Notes is expected to be completed on June 13, 2025, following a notice of partial redemption issued on May 14, 2025 [3] Group 3: Regulatory Information - The New Notes have not been registered under the United States Securities Act and were offered only to qualified institutional buyers in the U.S. and accredited investors in Canada [4]
Bombardier Announces Launch of US$500 million New Issuance of Senior Notes due 2033 to retire US$500 million of its Senior Notes due 2027
Globenewswire· 2025-05-14 11:30
Core Viewpoint - Bombardier Inc. has announced the launch of a US$500 million offering of new Senior Notes due 2033 to manage its debt obligations and related expenses [1][2]. Group 1: Offering Details - The proceeds from the New Notes will be used to repay outstanding indebtedness, specifically to redeem US$500 million of its 7.875% Senior Notes due 2027 [2]. - As of the announcement date, there is US$683,142,000 of the 2027 Notes outstanding [2]. Group 2: Conditions and Risks - The completion of the New Notes offering and the redemption of the 2027 Notes is subject to market conditions and other factors, with no assurance of successful completion [3]. - The Conditional 2027 Notes Redemption is contingent upon the successful offering of the New Notes [3]. Group 3: Regulatory Information - The New Notes have not been registered under the U.S. Securities Act and may only be offered to qualified institutional buyers [5]. - In Canada, the New Notes will be offered on a private placement basis to accredited investors, exempt from prospectus requirements [5].