Bombardier Announces Closing of its New Issuance of Senior Notes Due 2018 and Senior Notes Due 2025
(Thomson Reuters ONE) -
Bombardier Inc. /
Bombardier Announces Closing of its New Issuance of Senior Notes Due 2018 and
Senior Notes Due 2025
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The issuer is solely responsible for the content of this announcement.
MONTREAL, QUEBEC--(Marketwired - Mar 13, 2015) - Bombardier Inc. (TSX:
BBD.A)(TSX: BBD.B)(OTCQX: BDRBF) announced today that it has successfully closed
its issuance of US$2.25 billion aggregate principal amount of new Senior Notes.
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 were sold at par (the "2018 Notes"), 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 were sold at par (the "2025 Notes," and together
with the 2018 Notes, the "Notes").
Bombardier has deposited into escrow with Computershare Trust Company, N.A.,
acting as escrow agent, cash (including the net proceeds of the offering of the
Notes) in an amount equal to the aggregate principal amount of the Notes plus
interest that is expected to accrue on the aggregate principal amount of the
Notes (as calculated in accordance with the terms of the indentures governing
the Notes) from the date hereof to, but not including, the third business day
following April 30, 2015 (the "Escrowed Funds"). Subject to the release to
Bombardier of the net proceeds from Bombardier's previously announced issuance
and sale of subscription receipts (the "Escrow Release Condition"), which closed
on February 27, 2015, the Escrowed Funds will be released to Bombardier. In the
event that the Escrow Release Condition is not satisfied by 5:00 p.m. (Montreal
time) on April 30, 2015, the Notes will be subject to a special mandatory
redemption.
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 (the "2016 Notes") 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, 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.
CONTACT INFORMATION
Contacts:
Isabelle Rondeau
Director, Communications
Bombardier Inc.
+514 861 9481
Shirley Chenier
Senior Director, Investor Relations
Bombardier Inc.
+514 861 9481
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bombardier Inc. via GlobeNewswire
[HUG#1903559]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2015 - 18:37 Uhr
Sprache: Deutsch
News-ID 378410
Anzahl Zeichen: 4925
contact information:
Town:
West Montreal, QC
Kategorie:
Business News
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