November 20, 2017
Bombardier to launch new issuance of Senior Notes due 2024
Bombardier has launched an offering of US$900m aggregate principal amount of new Senior Notes due 2024 (the Notes). The net proceeds of the offering are expected to be used to finance a tender offer (the Tender Offer) for all US$600m aggregate principal amount outstanding of Bombardier’s 4.75% Senior Notes due 2019 (2019 Notes) and the remainder for general corporate purposes. To the extent that less than US$600m aggregate principal amount of the 2019 Notes are tendered in the Tender Offer, Bombardier intends to redeem all of its remaining outstanding 2019 Notes, using a portion of the net proceeds of the offering of Notes, following the closing of the offering of Notes.