Bombardier to redeem 7½% senior notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., Nov. 6 – Bombardier Inc. will use a portion of the proceeds from a new note offering to fund the redemption of all its outstanding 7½% senior notes, of which $380 million is outstanding, according to a press release.

The 2025 notes redemption is subject to certain conditions, including the completion of the new issue prior to Dec. 6.

Bombardier is a jet manufacturer based in Montreal.

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