Bombardier announces capped tender offers for two series of notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 4 – Bombardier Inc. announced a cash tender offer to purchase notes from two series. Each series has a $100 million cap, according to a company release.

The company is offering to purchase

• Its $477,236,000 outstanding 7½% senior notes due 2024 (Cusips: 097751BR1, C10602BF3) for a tender offer consideration of $1,011.25 per $1,000 principal amount of notes; and

• Its $1,257,289,000 outstanding 7½% senior notes due 2025 (Cusip: 097751BM2, C1602BA4) for a tender offer consideration of $995 per $1,000 principal amount of notes.

Each total consideration includes an early tender payment of $30 per $1,000 principal amount that will be paid only to holders who tender by the early deadline, 5 p.m. ET on Nov. 18, which is also the withdrawal deadline.

The prices exclude accrued interest.

Early settlement is expected on Nov. 22.

The offer will expire at 11:59 p.m. ET on Dec. 5.

Final settlement is expected on Dec. 7.

RBC Capital Markets, LLC and Morgan Stanley & Co. LLC are the dealer managers.

Global Bondholder Services Corp. (855 654 2014 or contact@gbsc-usa.com) is the information and tender agent.

Bombardier is a Valcourt, Quebec-based aerospace and transportation company.

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