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Bombardier Announces Launch of its New Issuance of Senior Notes due 2026

Mount Equity Group Tokyo, Japan > News > Markets > Bombardier Announces Launch of its New Issuance of Senior Notes due 2026

MONTREAL, June 03, 2021 (GLOBE NEWSWIRE) — Bombardier Inc. (“Bombardier”) today announced that it has launched an offering of US$1,000,000,000 aggregate principal amount of new Senior Notes due 2026 (the “NewNotes”).

The net proceeds of the offering of New Notes are expected to be used to finance Bombardier’s tender offer for certain of its outstanding 5.750% Senior Notes due 2022 (the “5.750% 2022 Notes”), 6.000% Senior Notes due 2022 (the “6.000% 2022 Notes”), and 6.125% Senior Notes due 2023 (the “2023 Notes”) (the “Tender Offer”), and the remainder for general corporate purposes, including the repayment and/or retirement of other outstanding debt.

Consummation of the offering of the New Notes and of the Tender Offer are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all.

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 shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.

The New Notes mentioned herein have not been