MONTRÉAL, August 9, 2021 (GLOBE NEWSWIRE) – Bombardier Inc. (“Bombardier” or the “Corporation”) announced today that it has priced its offering of a total principal amount of US $ 750,000,000, of new senior bonds with maturity in 2028. The new Senior Bonds will have a coupon of 6,000% per annum and will be sold at 100,000% of the face value (the “New Bonds”). The issue is expected to close around August 12, 2021, subject to customary closing conditions.
Bombardier intends to use the net proceeds from this New Notes offering, along with available cash, for the repayment and / or withdrawal of outstanding debt, including the redemption of all of its 6,000% Senior Notes due in October 2022, of which there is $ 514 million of total principal amount outstanding as of the date hereof, and all of its 6.125% senior notes due in 2023, of which there is $ 534 million of total principal amount outstanding to the date hereof, for fees and related expenses and for other general corporate expenses. purposes.
This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and will not constitute an offer, solicitation, sale or purchase of any security in any jurisdiction in which such offer, solicitation, sale or the purchase would be illegal.
The New Notes mentioned in have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States. States without registration. or an applicable exemption from such registration requirements. The New Notes mentioned in may be offered and sold in the United States only to persons who are reasonably believed to be qualified institutional buyers in accordance with Rule 144A of the United States Securities Act and outside the United States in accordance with Regulation S of the United States Securities Act. The New Notes mentioned in have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada will be made on a basis that is exempt from the requirements of the prospectus of such securities laws. The New Notes will be offered and sold in Canada on a private placement basis only to “accredited investors” in accordance with certain prospectus exemptions.
Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to significant known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements.
|Francis Richer from La Flèche||Mark Masluch|
|Vice president,||Senior Director,|
|Financial planning and investor relations||Communications|
|+ 514-855-5001 x13228||+ 514-855-7167|