Notes issued to raise capital
Bombardier Announces Pricing of its New Issuance of Senior Notes due 2016 and Senior Notes due 2023
29 minutes ago by Marketwire
Bombardier Inc. (TSX: BBD.A)(TSX: BBD.B) today announced that it has successfully priced its offering of US$2 billion aggregate principal amount of new Senior Notes. The issuance is comprised of US$750 million aggregate principal amount of Bombardier's Senior Notes due 2016, which carry a coupon of 4.250% per annum and will be sold at par (the "2016 Notes"), and US$1.25 billion aggregate principal amount of Bombardier's Senior Notes due 2023, which carry a coupon of 6.125% per annum and will be sold at par (the "2023 Notes"). The 2016 Notes have a maturity date of January 15, 2016, and the 2023 Notes have a maturity date of January 15, 2023. The issuance is expected to close on or about January 14, 2013. Bombardier intends to use the net proceeds of this offering for general corporate purposes.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities mentioned herein in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act. The securities mentioned herein have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.