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Bombardier tender offer expires for three series, results announced
Chicago, July 2 – Bombardier Inc. announced the expiration of its cash tender offer for up to an aggregate purchase price of $1 billion from three series of notes, according to a press release.
The offer expired at 11:59 p.m. ET on July 1.
After the early deadline, but before the expiration time, Bombardier received tenders of the following amounts of notes:
• An additional $939,000 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;
• No more 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
• An additional $434,000 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.
All of the additional notes tendered will be accepted for purchase.
It was stated by Bombardier that after the early deadline, no more notes from the 2023 series were going to be accepted for purchase.
At the early deadline, the company had received tenders for $88,364,000 of the 5¾% notes, $489,937,000 of the 6 1/8% notes and $210,183,000 of the 6% notes.
Final settlement is expected for July 6.
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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