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Bombardier to redeem all 6% notes at par, 6 1/8% notes at undetermined price on Sept. 13
Chicago, Aug. 12 – Bombardier Inc. announced that it will redeem two series of notes on Sept. 13 using the proceeds from a new $750 million sale of notes due 2028, according to a press release.
The company will use the notes and cash on hand to redeem all $514 million outstanding of 6% senior notes due October 2022 and all of the $534 million outstanding of the 6 1/8% senior notes due 2023.
The redemption price for the 6% notes is par plus accrued interest. The price for the 6 1/8% notes is to be determined.
The aerospace and transportation services company is based in Montreal.
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