Bombardier Announces Pricing of its New Issuance of Senior Notes Due 2019 and Senior Notes Due 2022
Bombardier Inc. /
Bombardier Announces Pricing of its New Issuance of Senior Notes Due 2019 and
Senior Notes Due 2022
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The issuer is solely responsible for the content of this announcement.
MONTREAL, QUEBEC--(Marketwired - Mar 31, 2014) - Bombardier Inc. (TSX:
BBD.A)(TSX: BBD.B) today announced that it has successfully priced its offering
of $1.8 billion US aggregate principal amount of new Senior Notes. The issuance
is comprised of $600 million US aggregate principal amount of Bombardier's
Senior Notes due April 15, 2019, which carry a coupon of 4.75% per annum and
will be sold at par (the "2019 Notes"), and $1.2 billion US aggregate principal
amount of Bombardier's Senior Notes due October 15, 2022, which carry a coupon
of 6.00% per annum and will be sold at par (the "2022 Notes"). The issuance is
expected to close on or about April 3, 2014, subject to customary closing
Bombardier intends to use the proceeds of this offering to finance the
redemption of all of Bombardier's outstanding 7.25% Senior Notes due November
15, 2016 (the "2016 Notes") pursuant to an optional redemption promptly
following the closing of this offering, to finance the repayment at maturity of
all of the Corporation's outstanding 6.30% Notes due May 1, 2014, to pay fees
and expenses related to this offering and the related transactions, and as to
the remainder, for general corporate purposes.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale of any securities in any jurisdiction in which such offering, solicitation
or sale would be unlawful.
The securities mentioned herein may be offered and sold in the United States
only to qualified institutional buyers in accordance with Rule 144A under the
U.S. Securities Act and outside the United States in reliance on Regulation S
under the U.S. Securities Act. The securities mentioned herein have not been and
will not be registered under the United States Securities Act of 1933, as
amended, any state securities laws or the laws of any other jurisdiction, and
may not be offered or sold in the United States absent registration or an
applicable exemption from such registration requirements. The securities
mentioned herein have not been and will not be qualified for distribution to the
public under applicable Canadian securities laws and, accordingly, any offer and
sale of the securities in Canada will be made on a basis which is exempt from
the prospectus and dealer registration requirements of such securities laws. The
securities will be offered and sold in Canada on a private placement basis only
to "accredited investors" pursuant to certain prospectus exemptions.
Any redemption of the 2016 Notes will be made pursuant to a notice of redemption
under the indenture governing the 2016 Notes.
This press release includes forward-looking statements, which are based on
current expectations. Forward-looking statements generally can be identified by
the use of forward-looking terminology such as "may," "will," "expect,"
"intend," "anticipate," "plan," "foresee," "believe," "continue," "maintain," or
"align," the negative of these terms, variations of them or similar terminology.
By their nature, forward-looking statements require us to make assumptions and
are subject to important known and unknown risks and uncertainties, which may
cause our actual results in future periods to differ materially from those set
forth in the forward-looking statements. While we consider our assumptions to be
reasonable and appropriate based on information currently available, there is a
risk that they may not be accurate. For additional information regarding these
risks and uncertainties, and the assumptions underlying the forward-looking
statements, refer to the respective Guidance and forward-looking statements
sections in Overview, Bombardier Aerospace and Bombardier Transportation
sections in the Management's Discussion and Analysis ("MD&A") in Bombardier
Inc.'s annual report for the fiscal year ended December 31, 2013.
+514 861 9481
Senior Director, Investor Relations
+514 861 9481
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Source: Bombardier Inc. via GlobeNewswire