Bombardier starts tender offer for 7½% senior notes due 2025

Chicago, Jan. 17 – Bombardier Inc. commenced a tender offer to purchase for cash up to $104 million principal amount of its $1,139,000,000 outstanding 7½% senior notes due 2025 (Cusips: 097751BM2, C10602BA4), according to a press release.

The company is offering to pay a total consideration of $1,002.50 per $1,000 note, inclusive of a $30 early tender payment that will be paid to holders who tender their notes by the early deadline. After the early deadline, noteholders will be paid $972.50 per note. Interest will also be paid.

Tenders may be prorated.

The early tender date is 5 p.m. ET on Jan. 30, also the withdrawal deadline.

The offer will expire at 11:59 p.m. ET on Feb. 13.

Early settlement is planned for Feb. 1, and a final settlement date is expected to be Feb. 15.

The tender offer will be financed with amounts raised in a new offering. The tender offer is conditioned on the new offering.

Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the dealer managers.

Global Bondholders Services Corp. is the information and tender agent (855 654-2014, contact@gbsc-usa.com, https://www.gbsc-usa.com/bombardier).

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

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