Bombardier prices US$2.25bn senior notes issuance

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By TESTCustomwebLP TESTCustomwebLP March 4, 2015 21:49

Bombardier prices US$2.25bn senior notes issuance

Bombardier successfully priced its offering of US$2.25 billion aggregate principal amount of new Senior Notes on February 27. The issuance is comprised of US$750 million aggregate principal amount of Bombardier’s Senior Notes due September 15, 2018 which carry a coupon of 5.500% per annum and will be sold at par, and US$1.5 billion aggregate principal amount of Bombardier’s Senior Notes due March 15, 2025 which carry a coupon of 7.500% per annum and will be sold at par. The issuance is expected to close on March 13, 2015.

Bombardier intends to use the proceeds of this offering to finance the redemption of all of Bombardier’s outstanding 4.25% Senior Notes due January 2016 pursuant to an optional redemption promptly after the Escrowed Funds are released to Bombardier, to pay fees and expenses related to this offering and related transactions, and will use the remainder for general corporate purposes.

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By TESTCustomwebLP TESTCustomwebLP March 4, 2015 21:49