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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].
Bombardier Commences Consent Solicitations with Respect to its 7.35% Debentures due 2026 and its 7.450% Notes due 2034
Globenewswire· 2026-03-16 11:57
Core Viewpoint - Bombardier Inc. has initiated consent solicitations for its 7.450% Notes due 2034 and 7.35% Debentures due 2026 to amend the indentures governing these Notes to include a permitted lien basket provision [1] Group 1: Consent Solicitations Details - The consent solicitations are for two series of Notes: 7.35% Debentures due 2026 with an outstanding principal of Cdn$150 million and 7.450% Notes due 2034 with an outstanding principal of US$510 million [2] - The consent payment for the Canadian Notes is Cdn$1.00 per Cdn$1,000 principal amount, and for the US Notes, it is US$2.50 per US$1,000 principal amount [3] - The deadlines for submitting consents are March 20, 2026, for the US Notes and March 27, 2026, for the Canadian Notes [3] Group 2: Consent Requirements - For the US Notes, consents from holders representing a majority of the outstanding principal amount are required, while for the Canadian Notes, consents from holders representing 66 2/3% are necessary [4] - If the requisite consents are received before the deadlines, Bombardier will make the consent payments to those who validly deliver their consent [4] Group 3: Record Date and Agents - The Record Date for determining holders entitled to give consents is March 13, 2026 [4] - Global Bondholder Services Corporation is acting as the U.S. Information and Tabulation Agent, while Kingsdale Advisors is the Canadian Information and Tabulation Agent for the consent solicitations [5] Group 4: Contact Information - For further information regarding the consent solicitations, holders can contact Global Bondholder Services Corporation or Kingsdale Advisors [5]