Bombardier - Executive Advisor, Christophe Degoumois
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bombardier (BBD.B) has completed the sale of US$260,000,000 of Bombardier’s 7.45 per cent Senior Notes to an institutional investor
  • The aggregate principal amount outstanding under the 2034 Notes is US$510,000,000
  • Net proceeds will be allocated to service a portion of the corporation’s debt
  • Bombardier has amended and supplemented the terms of the consent solicitations in respect of its 2034 Notes and its 7.35% Debentures
  • The expiration date for the consent solicitation of both the 2034 and Canadian Notes has been extended until 5 pm ET on May 21, 2021
  • Bombardier Inc. (BBD.B) opened trading at C$0.89 per share

Bombardier (BBD.B) has completed the sale of US$260,000,000 of Bombardier’s 7.45 per cent Senior Notes to an institutional investor.

Following this private placement, the aggregate principal amount outstanding under the 2034 Notes is US$510,000,000.

Bombardier intends to use the net proceeds for the repayment of a portion of the corporation’s outstanding indebtedness.

Bombardier also announced that it has amended the terms of the consent solicitations in respect of its 2034 Notes and its 7.35% Debentures due 2026.

The record date for participation in the 2034 Notes Consent Solicitation has been removed.

The expiration date for participation in the 2034 Notes Consent Solicitation has been extended to 5:00 p.m., New York City time, on May 21, 2021.

The consent solicitation expiration date for the Canadian Notes has also been extended to 5:00 p.m., New York City time, on May 21, 2021.

Bombardier is a global leader in aviation. The company operates 4,900 aircraft in service in more than 12 countries across the globe.

Bombardier Inc. (BBD.B) opened trading at C$0.89 per share.

More From The Market Herald
The Market Herald Video

" Star Navigation (CSE:SNA) holds successful conference with FlightPath in Kenya

Star Navigation (SNA) is reporting positive results from a conference with FlightPath in Kenya.

" Star Navigation (CSE:SNA) announces purchase order from Swiss Aviation Group AG

Star Navigation Systems Group (SNA) has received a purchase order for its Star A.D.S ® system from Swiss Aviation Group AG (“SAG”).
Global Crossing Airlines - CEO, Ed Wegel.

" Global Crossing Airlines (TSXV:JET) graduates to NEO Exchange

Global Crossing Airlines (JET) has been approved to list its shares on the NEO Exchange.
Global Crossing Airlines - CEO, Edward Wegel

" Global Crossing Airlines (TSXV:JET) provides Q4 2021 update

Global Crossing Airlines (JET) has released an update on the fourth quarter of 2021 and its outlook for 2022.