Bombardier Inc.

Change of representatives within the Bombardier family

Retrieved on: 
Friday, March 8, 2024

Only representatives are authorized to bind their respective family group for the purposes of the Bombardier Family Agreement and to make decisions, after consulting amongst themselves, regarding the exercise of voting rights attached to certain Class A shares of their respective families that are subject to the Bombardier Family Agreement.

Key Points: 
  • Only representatives are authorized to bind their respective family group for the purposes of the Bombardier Family Agreement and to make decisions, after consulting amongst themselves, regarding the exercise of voting rights attached to certain Class A shares of their respective families that are subject to the Bombardier Family Agreement.
  • Moreover, each party to the Bombardier Family Agreement has undertaken to vote all the Bombardier shares that they hold and control, directly or indirectly, as per the representatives’ instructions regarding the shares they control under the Bombardier Family Agreement.
  • As of the date of this press release, there is therefore a total of 10,474,501 Class A shares representing 84.82% of the Class A shares issued and outstanding, and 1,447,048 Class B (subordinate voting) shares (Class B shares) representing 1.66% of the Class B shares issued and outstanding (the shares subject to the Bombardier Family Agreement), which will ultimately be voted, directly or indirectly, as per the representatives’ instructions, the whole subject to the terms and conditions of the Bombardier Family Agreement.
  • Since the Bombardier Family Agreement’s execution, the Principal Shareholders have always acted as representatives of their respective family group for the purposes of exercising certain rights under the Bombardier Family Agreement.

MIAMI INVESTOR SUMMIT KICKS OFF TODAY WITH GLOBAL LEADERS DISCUSSING HUMANITY'S BIGGEST CHALLENGES

Retrieved on: 
Friday, February 23, 2024

MIAMI, Feb. 23, 2024 /PRNewswire/ -- Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami's Faena Forum.

Key Points: 
  • MIAMI, Feb. 23, 2024 /PRNewswire/ -- Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami's Faena Forum.
  • The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI.
  • The summit's much anticipated roundtable of global CEOs, entitled the "Board of Changemakers," discussed trends and economic outlook.
  • The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023.

MIAMI INVESTOR SUMMIT KICKS OFF TODAY WITH GLOBAL LEADERS DISCUSSING HUMANITY'S BIGGEST CHALLENGES

Retrieved on: 
Friday, February 23, 2024

MIAMI, Feb. 23, 2024 /PRNewswire/ -- Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami's Faena Forum.

Key Points: 
  • MIAMI, Feb. 23, 2024 /PRNewswire/ -- Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami's Faena Forum.
  • The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI.
  • The summit's much anticipated roundtable of global CEOs, entitled the "Board of Changemakers," discussed trends and economic outlook.
  • The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023.

Bombardier 2023 Results Set New Highs on Earnings and Revenues, 2024 Guidance Reflects Further Growth

Retrieved on: 
Thursday, February 8, 2024

MONTRÉAL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today presented strong 2023 fourth quarter and full-year financial results which met or exceeded the company’s 2023 guidance. Bombardier also unveiled its guidance for 2024, which reflects the company’s steady progress towards its long-term objectives.

Key Points: 

  • After meeting or exceeding its 2023 guidance, the company is again guiding for growth in 2024(5).
  • MONTRÉAL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today presented strong 2023 fourth quarter and full-year financial results which met or exceeded the company’s 2023 guidance.
  • Bombardier also unveiled its guidance for 2024, which reflects the company’s steady progress towards its long-term objectives.
  • Bombardier also announced today its goals for 2024 with new guidance that projects a continuation of the company’s momentum towards its long-term objectives.

Bombardier Completes Redemption for All of its 7.50% Senior Notes due 2025

Retrieved on: 
Wednesday, December 6, 2023

MONTRÉAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all of its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025 (the “Redemption Notes”), as set forth in the notice of redemption issued November 6, 2023.

Key Points: 
  • MONTRÉAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed all of its outstanding US$380 million aggregate principal amount of its 7.50% Senior Notes due 2025 (the “Redemption Notes”), as set forth in the notice of redemption issued November 6, 2023.
  • 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 their applicable procedures.
  • This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.
  • The securities 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

Retrieved on: 
Tuesday, November 21, 2023

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, including proration with respect to both the 2026 Notes and 2027 Notes.

Key Points: 
  • 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, including proration with respect to both the 2026 Notes and 2027 Notes.
  • There can be no assurance that the Corporation will further amend or waive any terms of the Tender Offer to accept any Notes tendered after the Early Tender Date or amend the Tender Offer in any other respect.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Aerospace Milled Parts Market is Forecast to Reach US$ 30.7 Billion in 2028, Says Stratview Research

Retrieved on: 
Friday, December 22, 2023

DETROIT, Dec. 22, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global aerospace milled parts market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • The global aerospace milled parts market is segmented based on aircraft type, application type, material type, end-user type, and region.
  • Based on aircraft type - The market is segmented into commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation.
  • Among these application types, the engine is expected to remain the most dominant application in the market during the forecast period.
  • The report suggests that North America is expected to remain the largest market for aircraft-milled parts during the forecast period.

Bombardier Announces Closing of its New Issuance of Senior Notes due 2030

Retrieved on: 
Friday, November 17, 2023

MONTRÉAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2030 (the “New Notes”).

Key Points: 
  • MONTRÉAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2030 (the “New Notes”).
  • The New Notes carry a coupon of 8.750% per annum, mature on November 15, 2030 and were sold at 100.000% of par.
  • Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the redemption of all of its outstanding 7.50% Senior Notes due 2025, (ii) to finance the offers to purchase up to $360 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125% Senior Notes due 2026 and 7.875% Senior Notes due 2027, and/or for the repayment of other indebtedness, and (iii) for the payment of accrued interest and related fees and expenses.
  • The New Notes were offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.

Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today

Retrieved on: 
Tuesday, November 7, 2023

Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated November 6, 2023 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer.

Key Points: 
  • Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated November 6, 2023 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained Deutsche Bank Securities Inc. and RBC Capital Markets, LLC to serve as dealer managers for the Tender Offer.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Bombardier Announces Pricing of its New Issuance of Senior Notes due 2030

Retrieved on: 
Tuesday, November 7, 2023

The new Senior Notes will carry a coupon of 8.750% per annum and will be sold at par (the “New Notes”).

Key Points: 
  • The new Senior Notes will carry a coupon of 8.750% per annum and will be sold at par (the “New Notes”).
  • The issuance of the New Notes is expected to close on or about November 17, 2023, subject to customary closing conditions.
  • This announcement does not constitute an offer to purchase or the solicitation of an offer to sell the New Notes, the 2025 Notes, the 2026 Notes or the 2027 Notes.
  • Any redemption of the 2025 Notes or any other notes will be made pursuant to a notice of redemption under the indentures governing such notes.