Bombardier calls its floating-rate notes due 2013, 8% notes due 2014

By Melissa Kory

Cleveland, Nov. 2 - Bombardier Inc. announced that it will redeem all of its floating-rate senior notes due 2013 and 8% senior notes due 2014 that remain outstanding after the expiration of Bombardier's cash tender offers for the notes on Nov. 19.

The notes will be redeemed Dec. 2.

The floating-rate notes will be redeemed at par plus accrued interest up to the redemption date. The 8% notes will be redeemed at 104 plus accrued interest up to the redemption date.

Proceeds from the company's previously completed private offering of 6 1/8% senior notes due 2021 will fund the redemption.

Deutsche Bank AG, London Branch; Deutsche Bank Trust Co. Americas; and Deutsche Bank Luxemburg SA are the redemption agents for the notes.

Bombardier is a Montreal-based manufacturer of air and rail transportation equipment, systems and services.

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