20:54:23 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 1,444,132,126
Close 2015-02-26 C$ 2.61
Market Cap C$ 3,769,184,849
Recent Sedar Documents

Bombardier prices $2.25-billion (U.S.) note offering

2015-02-27 17:31 ET - News Release

Ms. Isabelle Rondeau reports

BOMBARDIER ANNOUNCES PRICING OF ITS NEW ISSUANCE OF SENIOR NOTES DUE 2018 AND SENIOR NOTES DUE 2025

Bombardier Inc. has successfully priced its offering of $2.25-billion (U.S.) total principal amount of new senior notes. The issuance comprises $750-million (U.S.) total principal amount of Bombardier's senior notes due Sept. 15, 2018, which carry a coupon of 5.5 per cent per year and will be sold at par, and $1.5-billion (U.S.) total principal amount of Bombardier's senior notes due March 15, 2025, which carry a coupon of 7.5 per cent per year and will be sold at par. The issuance is expected to close on or about March 13, 2015, subject to customary closing conditions.

Bombardier will deposit, or direct the deposit of, cash in an amount equal to the total principal amount of notes, plus interest that is expected to accrue on the total principal amount of the notes as calculated in accordance with the terms of the indentures governing the notes from the closing date of the issuance to, but not including, the third business day following April 30, 2015, into escrow. Subject to the release to Bombardier of the net proceeds from the previously announced issuance and sale of subscription receipts of Bombardier pursuant to a prospectus supplement dated Feb. 20, 2015, to Bombardier's short-form base-shelf prospectus dated Feb. 18, 2015, the escrowed funds will be released to Bombardier. In the event that the escrow release condition is not satisfied by 5 p.m. (Montreal time) on April 30, 2015, the notes will be subject to a special mandatory redemption.

Bombardier intends to use the proceeds of this offering to finance the redemption of all of Bombardier's outstanding 4.25-per-cent senior notes due January, 2016, pursuant to an optional redemption promptly after the escrowed funds are released to Bombardier, to pay fees and expenses related to this offering and related transactions, and, as to the remainder, for general corporate purposes.

Any redemption of the 2016 notes will be made pursuant to a notice of redemption under the indenture governing the 2016 notes.

We seek Safe Harbor.

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