Bombardier gives early results, amends tender offer for three notes

Chicago, June 17 – Bombardier Inc. announced the expiration of its early tender date for its offer to purchase for cash up to an aggregate purchase price of $1 billion from three series of notes, according to a press release.

The company also amended the offer regarding a subcap of $500 million that it had initially placed on the 2023 notes. The subcap was increased to an aggregate purchase price of $520,558,062.50.

As of the early deadline of 5 p.m. ET on June 16, Bombardier received tenders for the following amounts from each series:

• $88,364,000.00, or 48.77%, of the $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;

• $489,937,000, or 47.85%, of the $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

• $210,183,000.00, or 17.52%, of the $1.2 billion outstanding 6% senior notes due 2022 (Cusip: 097751BJ9, C1602AY3) for a tender offer consideration of $970 per $1,000 principal amount of notes.

Noteholders who tendered their notes by the early deadline will also receive an early tender payment of $30 per bond and interest to the settlement date.

Settlement is scheduled for June 18.

After the early deadline, no more notes from the 2023 series will be accepted for purchase.

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

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, www.gbsc-usa.com/bombardier) is acting as the information and tender agent.

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

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