Bombardier to redeem $500 million of 7˝% senior notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., Feb. 14 – Bombardier Inc. will redeem $500 million of its 7˝% senior notes due 2025, according to a press release.

The notes will be redeemed at par plus accrued interest on March 16.

Deutsche Bank Trust Co. Americas is the paying agent.

The partial redemption is separate from and unrelated to Bombardier’s cash tender offer for a portion of the 7˝% senior notes due 2025 that was announced on Jan. 17 and which expired on Feb. 13.

Bombardier is a Montreal-based aerospace and transportation company.

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