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