Bombardier prices new senior notes issuance

Lauren Eldershaw
By Lauren Eldershaw March 1, 2019 13:33

Bombardier prices new senior notes issuance

Bombardier has successfully priced its previously announced offering of US$1bn, which has been upsized to US$2bn, amount of new Senior Notes due April 15, 2027. The new Senior Notes will carry a coupon of 7.875% per annum and will be sold at 99.246% of par. The issuance is expected to close on or about March 7, 2019, subject to customary closing conditions.

The net proceeds of the offering are expected to be used to finance Bombardier’s tender offers for all of its outstanding 7 ¾% Senior Notes due 2020 and for up to US$975 million aggregate purchase price of its outstanding 6⅛% Senior Notes due 2021.

Lauren Eldershaw
By Lauren Eldershaw March 1, 2019 13:33