Bombardier pushes tender offer for three notes back one day

Chicago, June 25 – Bombardier Inc. pushed back the expiration date for its tender offer by one day due to a new U.S. federal holiday, announced on June 17 and celebrated June 18, for up to an aggregate purchase price of $1 billion from three series of notes, according to a press release.

The offer now expires on July 1, moved from 11:59 p.m. ET on June 30.

As of the last report of tender offer results, as of the early deadline on June 16, Bombardier received tenders for the following amounts from each series:

• $88,364,000, 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, 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.

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

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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