Bombardier Announces Pricing of its New Issuance of Senior Notes

MONTRÉAL, June 03, 2021 (GLOBE NEWSWIRE) — Bombardier Inc. (“Bombardier” or the “Company”) at the moment introduced that it has efficiently priced its beforehand introduced providing of US$1,000,000,000 mixture principal quantity, which has been upsized to US$1,200,000,000 mixture principal quantity, of latest Senior Notes due 2026. The brand new Senior Notes will carry a coupon of seven.125% every year and will probably be bought at 100.000% of par (the “New Notes”). The issuance is predicted to shut on or about June 8, 2021, topic to customary closing circumstances.

The web proceeds of the providing are anticipated for use to finance Bombardier’s tender provide (the “Tender Supply”), for as much as $1,000,000,000 in mixture buy worth, of its excellent (i) 5.750% Senior Notes due 2022 (the “5.750% 2022 Notes”), of which there’s US$181,203,000 principal quantity excellent on the date hereof, (ii) 6.000% Senior Notes due 2022 (the “6.000% 2022 Notes”), of which there’s US$1,200,000,000 principal quantity excellent on the date hereof, and (iii) 6.125% Senior Notes due 2023, of which there’s US$1,023,858,000 principal quantity excellent on the date hereof (the “2023 Notes” and along with the 5.750% 2022 Notes and the 6.000% 2022 Notes, the “Topic Notes”) and to pay associated charges and bills. Bombardier intends to make use of the remaining internet proceeds from the providing of New Notes for common company functions, together with the reimbursement and/or retirement of different excellent debt.

Consummation of the providing of the New Notes and of the Tender Supply for the Topic Notes is topic to market and different circumstances, and there may be no assurance that Bombardier will be capable of efficiently full these transactions on the phrases described above, or in any respect.

This press launch doesn’t represent a proposal to promote or purchase or the solicitation of a proposal to purchase or promote any safety and shall not represent a proposal, solicitation, sale or buy of any securities in any jurisdiction during which such providing, solicitation, sale or buy could be illegal.

The New Notes and the Topic Notes talked about herein haven’t been and won’t be registered below america Securities Act of 1933, as amended, any state securities legal guidelines or the legal guidelines of another jurisdiction, and is probably not provided or bought in america absent registration or an relevant exemption from such registration necessities. The New Notes talked about herein could also be provided and bought in america solely to individuals moderately believed to be certified institutional consumers in accordance with Rule 144A below the U.S. Securities Act and outdoors america in reliance on Regulation S below the U.S. Securities Act. The New Notes talked about herein haven’t been and won’t be certified for distribution to the general public below relevant Canadian securities legal guidelines and, accordingly, any provide and sale of the securities in Canada will probably be made on a foundation which is exempt from the prospectus necessities of such securities legal guidelines. The New Notes will probably be provided and bought in Canada on a non-public placement foundation solely to “accredited traders” pursuant to sure prospectus exemptions.

The Tender Supply talked about herein will probably be carried out in accordance with the separate Supply to Buy relating thereto.

FORWARD-LOOKING STATEMENTS

Sure statements on this announcement are forward-looking statements based mostly on present expectations. By their nature, forward-looking statements require us to make assumptions and are topic to necessary recognized and unknown dangers and uncertainties, which can trigger our precise ends in future intervals to vary materially from these set forth within the forward-looking statements.

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