Bombardier to redeem 6% notes, 6 1/8% notes with offering proceeds

Chicago, Aug. 12 – Bombardier Inc. announced that it will use the proceeds from a new $750 million sale of notes due 2028 to redeem two series of notes, according to a press release.

Specifically, the company will use the notes and cash on hand to redeem all $514 million outstanding of the 6% senior notes due October 2022 and all of the $534 million outstanding of the 6 1/8% senior notes due 2023.

The aerospace and transportation services company is based in Montreal.

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