Chicago, May 18 – Bombardier Inc. sold a $260 million add-on to its 7.45% senior notes due 2034 to a private investor, according to a press release.
The notes were sold at par.
The investor is the beneficial majority holder of the series.
The additional notes bring the principal amount outstanding up to $510 million.
Proceeds from the notes will be used to repay a portion of the corporation’s outstanding debt.
The notes were originally issued on April 21, 2004 and are involved in a consent solicitation.
The issuer is a Montreal-based aerospace and transportation services company.
| Issuer: | Bombardier Inc.
|
| Issue: | Senior notes
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| Amount: | $260 million, add-on
|
| Maturity: | 2034
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| Coupon: | 7.45%
|
| Price: | Par
|
| Yield: | 7.45%
|
| Settlement date: | May 18
|
| Distribution: | Private placement
|
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