Bombardier launches new senior notes issuance and tender offer for 2020 notes

Lauren Eldershaw
By Lauren Eldershaw February 28, 2019 16:44

Bombardier launches new senior notes issuance and tender offer for 2020 notes

Bombardier has launched an offering of US$1,000 million of new senior notes due 2027. The net proceeds of the offering are expected to be used to finance Bombardier’s tender offer for all US$850 million aggregate principal amount outstanding of Bombardier’s 7 ¾% Senior Notes due 2020, and the remainder for general corporate purposes, including the repayment and/or retirement of other outstanding debt.

Bombardier intends to redeem all of its remaining outstanding 2020 Notes, using a portion of the net proceeds of the offering of Notes. Following such redemption, Bombardier intends to use the remaining net proceeds from the offering, if any, for general corporate purposes, including the repayment and/or retirement of other outstanding debt.

Bombardier has retained Citi and JPMorgan to serve as dealer managers, directly and through their respective affiliates, for the Tender Offer. Bombardier has retained Global Bondholder Services Corporation to act as the tender agent and information agent.

Lauren Eldershaw
By Lauren Eldershaw February 28, 2019 16:44