Bombardier tenders for up to $1 billion of notes in three series

By Rebecca Melvin

Concord, N.H., June 3 – Bombardier Inc. announced a cash tender offer to purchase notes from three series for a total purchase price of up to $1 billion, according to a company release.

The company is offering to purchase the following notes, in order of acceptance priority level:

• Its $181,203,000 outstanding 5¾% senior notes due 2022 (Cusips: 097751AY7, C10602AR8) for a tender offer consideration of $1,008.50 per $1,000 principal amount of notes;

• Up to $500 million of its $1,023,858,000 outstanding 6 1/8% senior notes due 2023 (Cusips: 097751BF7, C10602AW7) for a tender offer consideration of $1,032.50 per $1,000 principal amount of notes; and

• Its $1.2 billion outstanding 5% senior notes due 2022 (Cusip: 097751VJ9, C1602AY3) for a tender offer consideration of $970 per $1,000 principal amount of notes.

The prices exclude accrued and unpaid interest.

If registered holders validly tender their notes at or before 5 p.m. ET on June 16, they will receive an additional $30 per bond early tender payment.

The tender offer will expire at 11:59 p.m. ET on June 30.

Tenders of the notes may be withdrawn at any time at or prior to 5 p.m. ET on June 16.

The tendered notes may be subject to proration.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are dealer managers for the offer. Global Bondholder Services Corp. (866 807 2200; contact@gbsc-usa.com) is acting as the information and tender agent.

Bombardier is a Valcourt, Quebec-based aerospace and transportation company.

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