- Bombardier (BBD.B) has completed the sale of US$260,000,000 of Bombardier’s 7.45 per cent Senior Notes to an institutional investor
- The aggregate principal amount outstanding under the 2034 Notes is US$510,000,000
- Net proceeds will be allocated to service a portion of the corporation’s debt
- Bombardier has amended and supplemented the terms of the consent solicitations in respect of its 2034 Notes and its 7.35% Debentures
- The expiration date for the consent solicitation of both the 2034 and Canadian Notes has been extended until 5 pm ET on May 21, 2021
- Bombardier Inc. (BBD.B) opened trading at C$0.89 per share
Bombardier (BBD.B) has completed the sale of US$260,000,000 of Bombardier’s 7.45 per cent Senior Notes to an institutional investor.
Following this private placement, the aggregate principal amount outstanding under the 2034 Notes is US$510,000,000.
Bombardier intends to use the net proceeds for the repayment of a portion of the corporation’s outstanding indebtedness.
Bombardier also announced that it has amended the terms of the consent solicitations in respect of its 2034 Notes and its 7.35% Debentures due 2026.
The record date for participation in the 2034 Notes Consent Solicitation has been removed.
The expiration date for participation in the 2034 Notes Consent Solicitation has been extended to 5:00 p.m., New York City time, on May 21, 2021.
The consent solicitation expiration date for the Canadian Notes has also been extended to 5:00 p.m., New York City time, on May 21, 2021.
Bombardier is a global leader in aviation. The company operates 4,900 aircraft in service in more than 12 countries across the globe.
Bombardier Inc. (BBD.B) opened trading at C$0.89 per share.