RE:Bombardier in talks to amend bondholders' agreement after THERE ARE A LOT OF SENIOR TO AMEND AND SEEK CONSENT. HOW MUCH THAT WILL COST BBD The Consent Solicitations relate to each series of the Corporation’s outstanding senior notes or debentures (collectively, the “notes”) listed below:
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5.750% Senior Notes due 2022 | | |
6.000% Senior Notes due 2022 | | |
6.125% Senior Notes due 2023 | | |
7.500% Senior Notes due 2024 | | |
7.500% Senior Notes due 2025 | | |
7.35% Debentures due 2026 | | |
7.875% Senior Notes due 2027 | | |
7.450% Senior Notes due 2034 | | |
In the Consent Solicitations, the Corporation is seeking consents from its noteholders (i) to amendments to the applicable Indenture to clarify that the Transactions are permitted by the applicable indenture and do not and will not give rise to any defaults, events of default or change of control under the applicable indenture and (ii) for the avoidance of doubt, to waive any default or event of default that is alleged to have, has or may have arisen under the applicable indenture in connection with, related to or as a result of the consummation or performance of the Transactions (the “Proposed Amendments”). Each Consent Solicitation requires consent from holders representing the requisite majority of the outstanding aggregate principal