Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes
MONTREAL, March 22, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced the commencement of a cash tender offer (the “Tender Offer”) to
purchase for cash up to $1,100,000,000 aggregate purchase price (exclusive of accrued and unpaid interest) (as such aggregate purchase price may be increased or decreased by the Company, the
“Aggregate Maximum Purchase Amount”) of its outstanding Notes of the three series listed in the table below (collectively, “Notes”); provided that the Company will
only accept for purchase its 6.125% Senior Notes due 2023 having an aggregate purchase price of up to $250,000,000 (exclusive of accrued and unpaid interest) (as such aggregate purchase price for
2023 Notes may be increased or decreased by the Company, the “2023 Tender Cap”). The Tender Offer is being made pursuant to an Offer to Purchase dated March 22, 2021.
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The table below summarizes certain payment terms for the Tender Offer:
Title of Note |
CUSIP / ISIN (144A) |
CUSIP / ISIN (Reg S) |
Principal Amount Outstanding |
2023 Tender Cap |
Acceptance Priority Level(4) |
Tender Offer Consideration (1)(2) |
Early Tender Payment (1) |
Total Consideration (1)(2)(3) |
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8.750% Senior Notes due 2021 |
097751BP5 / US097751BP56 | C10602BB2 / USC10602BB24 | $1,017,539,000 | N/A | 1 | $1,021.88 | $30.00 | $1,051.88 | ||||||||
5.750% Senior Notes due 2022 |
097751AY7 / US097751AY72 | C10602AR8 / USC10602AR84 | $500,000,000 | N/A | 2 | $1,015.00 | $30.00 | $1,045.00 | ||||||||
6.125% Senior |