Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRBF | BOMBF | T.BBD.B | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF | BDRXF | BDRAF

Industrials Aerospace & Defense

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.

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Bombardier Inc.

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Post by vonSachsenanhalon Jan 18, 2023 8:18am

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Post# 35230051

Bombardier Increases Maximum Amount Sought Under Cash Tender

Bombardier Increases Maximum Amount Sought Under Cash Tender Offer; Prices Senior Notes due 2029

18 Jan 202306:49 ET

06:49 AM EST, 01/18/2023 (MT Newswires) -- Bombardier (BBD-B.TO, BBD-A.TO) overnight Tuesday said it will increase the size of the tender offer announced earlier in the day to buy for cash its outstanding 7.50% Senior Notes due 2025.

The business jet maker said it will raise the aggregate maximum principal amount under the tender offer to $354 million from $104 million.

Bombardier also said it has priced its offering of US$750 million aggregate principal amount of new Senior Notes due Feb. 1, 2029. The new Senior Notes will carry a coupon of 7.50% per annum and will be sold at par. The offering is expected to close on or about Jan. 20, subject to customary closing conditions, the company said.

Bombardier said it intends to use the proceeds of the offering of the new notes, together with cash on hand, to fund the redemption of all of its outstanding 7.500% Senior Notes due 2024, to finance the offer to buy its outstanding 7.50% Senior Notes due 2025 and for the payment of related fees and expenses. The total principal amount outstanding is $1,139 million on the 2025 notes and $396 million on the 2024 notes, it said.

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