Bombardier Inc.

Bombardier announces that it intends to vigorously defend itself after the Superior Court of Québec authorized the institution of a previously disclosed securities class action for persons who purchased securities from August 2, 2018 to November 8, 2018

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月曜日, 5月 27, 2024
Bombardier Inc., Superior court, Failure, Bombardier, Person, Court, Disclosure, Plaintiff

MONTRÉAL, May 27, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or “Company”) announced that it intends to vigorously defend itself in a class action, which the Superior Court of Québec has authorized Plaintiff Denis Gauthier to institute for damages against it under the Québec Securities Act (the “Authorization Decision”).

Key Points: 
  • MONTRÉAL, May 27, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or “Company”) announced that it intends to vigorously defend itself in a class action, which the Superior Court of Québec has authorized Plaintiff Denis Gauthier to institute for damages against it under the Québec Securities Act (the “Authorization Decision”).
  • Bombardier and the individual defendants deny any wrongdoing.
  • The Court has not yet heard or ruled on the merits of the allegations underpinning this class action and Bombardier is currently reviewing the Authorization Decision and is assessing its options, including the possibility of filing an appeal.
  • The Plaintiff has been authorized to begin a class action against the defendants on behalf of “all persons and entities who acquired or purchased Bombardier’s securities during the period spanning from August 2, 2018 to November 8, 2018, inclusively, and held all or some of these securities until November 8, 2018 inclusively.”

Bombardier Announces Pricing of its New Issuance of Senior Notes due 2032

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火曜日, 5月 21, 2024
Debt-to-GDP ratio, Retirement, Bombardier Inc., Sale, Bombardier, Person, Regulation, Prospectus, Note, Hand, Bank

The new Senior Notes will carry a coupon of 7.000% per annum and will be sold at par (the “New Notes”).

Key Points: 
  • The new Senior Notes will carry a coupon of 7.000% per annum and will be sold at par (the “New Notes”).
  • This announcement does not constitute an offer to purchase or the solicitation of an offer to sell the New Notes, the 2026 Notes or the 2027 Notes.
  • This announcement does not constitute a redemption notice in respect of any 2026 Notes, 2027 Notes or any other notes.
  • Any redemption of the 2026 Notes, the 2027 Notes or any other notes will be made pursuant to a notice of redemption under the indentures governing such notes.

Bombardier Announces Conditional Notices of Partial Redemption for US$338,000,000 of its 7.125% Senior Notes due 2026 and US$450,000,000 of its 7.875% Senior Notes due 2027 

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火曜日, 5月 21, 2024
Debt-to-GDP ratio, FICC, Bombardier Inc., Corporation, Sale, Bombardier, Prospectus, Depository Trust Company, Note, Attention, Security (finance)

MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$338 million aggregate principal amount of its outstanding 7.125% Senior Notes due 2026 (the “2026 Notes”), and a conditional notice of partial redemption for US$450 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes” and, together with the 2026 Notes, the “Redemption Notes”).

Key Points: 
  • MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$338 million aggregate principal amount of its outstanding 7.125% Senior Notes due 2026 (the “2026 Notes”), and a conditional notice of partial redemption for US$450 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes” and, together with the 2026 Notes, the “Redemption Notes”).
  • As set forth in the conditional notice of partial redemption issued today in respect of the 2026 Notes, the redemption date is June 20, 2024, and the redemption price for the 2026 Notes is 101.781% of the principal amount redeemed, plus accrued and unpaid interest.
  • As set forth in the conditional notice of partial redemption issued today in respect of the 2027 Notes, the redemption date is June 20, 2024, and the redemption price for the 2027 Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.
  • On May 21, 2024, a copy of each of the respective conditional notices of redemption with respect to the Redemption Notes was issued to the respective record holders thereof.

Bombardier Announces Launch of its New Issuance of Senior Notes due 2032

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火曜日, 5月 21, 2024
Debt-to-GDP ratio, Retirement, Bombardier Inc., Sale, Bombardier, Person, Regulation, Prospectus, Note, Hand, Bank

As of the date hereof, there is US$504 million aggregate principal amount outstanding of the 2026 Notes and US$1,433 million aggregate principal amount outstanding of the 2027 Notes.

Key Points: 
  • As of the date hereof, there is US$504 million aggregate principal amount outstanding of the 2026 Notes and US$1,433 million aggregate principal amount outstanding of the 2027 Notes.
  • The Conditional 2026 Notes Redemption and the Conditional 2027 Notes Redemption are expected to be subject to certain conditions, including the completion of the offering of the New Notes.
  • This announcement does not constitute a redemption notice in respect of any 2026 Notes, 2027 Notes or any other notes.
  • Any redemption of the 2026 Notes, the 2027 Notes or any other notes will be made pursuant to a notice of redemption under the indentures governing such notes.

Bombardier Announces the Election of its Board of Directors

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金曜日, 4月 26, 2024
Bombardier Inc.

MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier announces that all nominees in its management proxy circular dated March 8, 2024, were elected as directors of Bombardier Inc. during its annual general meeting of shareholders held earlier today.

Key Points: 
  • MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier announces that all nominees in its management proxy circular dated March 8, 2024, were elected as directors of Bombardier Inc. during its annual general meeting of shareholders held earlier today.
  • Detailed results of the ballot for the election of directors are below.
  • Following a vote, each of the following 13 candidates proposed by management was elected a director of Bombardier:

Bombardier Reports Significant Backlog Growth on 1.6 Unit Book-to-Bill, Expanded Margins and Service Revenues Increase in First Quarter of 2024

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木曜日, 4月 25, 2024
Aircraft, Table, Service, PP, Note, Hand, TSX, MD, Growth, PP&E, Martel, Bombardier Inc., Senior, Eye, EPS, Movement, Bank statement

MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) reported today its financial results for the first quarter of 2024, marked by a robust increase in service revenues and order activity.

Key Points: 
  • MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) reported today its financial results for the first quarter of 2024, marked by a robust increase in service revenues and order activity.
  • The company sold 60% more jets in the first quarter of 2024 compared to 2023, bringing backlog(5) up to $14.9 billion.
  • “Our team came flying out of the gates in 2024 on soaring aircraft orders and service revenues.
  • Orders remained strong across Bombardier’s portfolio of aircraft, recording a 60% increase compared to the same quarter last year.

Bombardier Completes Partial Redemption of US$200,000,000 of its 7.875% Senior Notes due 2027

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月曜日, 4月 22, 2024
Debt-to-GDP ratio, Sale, Bombardier Inc., Prospectus, FICC, Depository Trust Company, Note, Security (finance)

MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.

Key Points: 
  • MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.
  • Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
  • The Redemption Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
  • The Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

Bombardier Announces Expiration of its Cash Tender Offer for Certain Outstanding Senior Notes

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月曜日, 4月 22, 2024
Debt-to-GDP ratio, Date, Corporation, Nature, Bombardier, RBC Capital Markets, Bombardier Inc., Expiration, Tender offer, Tender, Cryptocurrency

The aggregate principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date amounts to US$195,000 (the “Additional Tendered Notes”), which, together with the US$496,512,000 aggregate principal amount of Notes that were previously tendered under the Tender Offer and purchased by Bombardier on April 9, 2024, represent, in the aggregate, approximately 49.62% of the aggregate principal amount of the Notes outstanding prior to the Tender Offer.

Key Points: 
  • The aggregate principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date amounts to US$195,000 (the “Additional Tendered Notes”), which, together with the US$496,512,000 aggregate principal amount of Notes that were previously tendered under the Tender Offer and purchased by Bombardier on April 9, 2024, represent, in the aggregate, approximately 49.62% of the aggregate principal amount of the Notes outstanding prior to the Tender Offer.
  • Approximately US$504,289,000 aggregate principal amount of Notes will remain outstanding upon completion of the Tender Offer.
  • RBC Capital Markets, LLC and TD Securities (USA) LLC served as dealer managers for the Tender Offer.
  • Global Bondholder Services Corporation acted as the information and tender agent in respect of the Tender Offer.

Bombardier Completes Partial Redemption of US$100,000,000 of its 7.875% Senior Notes due 2027

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月曜日, 4月 15, 2024
Debt-to-GDP ratio, Sale, Bombardier Inc., CFO, Prospectus, FICC, Depository Trust Company, Security (finance)

MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 14, 2024.

Key Points: 
  • MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 14, 2024.
  • “Bombardier’s continued focus on prioritizing debt and net leverage reduction has given our company momentum and enhanced flexibility,” said Bart Demosky, Executive Vice President and CFO, Bombardier.
  • “This latest $100 million prepayment, deploying cash generated from operations, further underscores Bombardier’s commitment to improving its capital structure.”
    Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
  • The Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

Bombardier Announces Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes

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金曜日, 4月 5, 2024
TD Securities, Bombardier Inc., Corporation, Expiration, Date, Nature, Tender offer, Tender, Trustee, Debt-to-GDP ratio, RBC Capital Markets, Security (finance)

As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.

Key Points: 
  • As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.
  • All Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by Bombardier on the Early Settlement Date.
  • All such Notes that have been accepted will be settled on the Early Settlement Date in accordance with the terms of the Tender Offer as set forth in the Offer to Purchase.
  • Holders validly tendering Notes after the Early Tender Date but at or prior to the Expiration Date will only be eligible to receive the “Tender Offer Consideration” listed in the table in the Offer to Purchase on the Final Settlement Date.