Bombardier

Bombardier Announces Closing of its New Issuance of Senior Notes due 2031

Retrieved on: 
Thursday, April 4, 2024
Bombardier Inc., Sale, Regulation, Senior, Prospectus, Note, Debt-to-GDP ratio, Bombardier, Hand, Person

MONTRÉAL, April 04, 2024 (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 2031 (the “New Notes”).

Key Points: 
  • MONTRÉAL, April 04, 2024 (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 2031 (the “New Notes”).
  • The New Notes carry a coupon of 7.250% per annum, mature on July 1, 2031 and were sold at 99.75% of par.
  • The New Notes mentioned herein were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act.
  • The New Notes were offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.

Bombardier Announces April 3, 2024 as the Start of its New Normal Course Issuer Bid

Retrieved on: 
Monday, April 1, 2024
Accounting, Bombardier Inc., Corporation, Class, Acquisition, Toronto Stock Exchange, Trust, TSX, Computershare, Bombardier, Security (finance)

MONTRÉAL, April 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “New NCIB”) will commence on April 3, 2024, following the early termination of its current normal course issuer bid.

Key Points: 
  • MONTRÉAL, April 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “New NCIB”) will commence on April 3, 2024, following the early termination of its current normal course issuer bid.
  • The Corporation’s current normal course issuer bid commenced on May 23, 2023 for a 12-month period that would have ended May 22, 2024 (the “2023 NCIB”) for a maximum of 600,000 Class B shares (subordinate voting).
  • Under the rules of the TSX, a maximum of 5% of the Corporation’s issued and outstanding Class B shares (subordinate voting) may generally be purchased over a 12-month period pursuant to a normal course issuer bid (the “5% Annual Limit”).
  • Bombardier had sought and obtained the TSX’s approval for purchases of up to 600,000 Class B shares (subordinate voting) under the 2023 NCIB.

Global Fasteners Market Analysis 2024: A US$116.59 Billion Market by 2029, Featuring Key Vendors Parker-Hannifin, Honeywell, Penn Engineering & Manufacturing, AF Fasteners, Eagle Fastener and More - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024
Engineering, Machine Tools, Metalworking & Metallurgy, Manufacturing, Nut, Growth, Construction, Original equipment manufacturer, Steel, Application, International, Alloy, MRO, Research, Metal, Boeing, Metallic, Corrosion, Textron, Housing, Aircraft, Aluminium, Automotive industry, Bombardier, Nail

In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.

Key Points: 
  • In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.
  • The global fasteners market value is projected to grow at a CAGR of 4.52%, during the forecast period of 2024-2029.
  • Furthermore, technological advancements and innovations also influence the industrial fasteners market Also, the focus on sustainability and environmental considerations is impacting the fasteners market.
  • Trends: One of the most distinct and pervasive trends observed in the global fasteners market is globalization and international trade.

Bombardier’s Global 7500 Jet Sets More Than 30 Speed Records, as Precedent-Setting Program Operates Flawlessly Around the World

Retrieved on: 
Monday, March 25, 2024
Aircraft, Altitude, Filter, Aviation, Record, Mach, Bombardier Global 7500, Atmosphere, Nuage, Safety, Atmosphere of Earth, Catreus, HEPA, Bombardier, FAI, Airline

The Global 7500 also set more than 20 new flight records(1) in the fall of 2023, including routes from Singapore to Anchorage, Alaska and Montreal to Geneva.

Key Points: 
  • The Global 7500 also set more than 20 new flight records(1) in the fall of 2023, including routes from Singapore to Anchorage, Alaska and Montreal to Geneva.
  • The industry-defining Global 7500 jet is equally impressive when it comes to cabin design.
  • It also features the lowest cabin altitude of 2,900 feet when flying at 41,000 ft. – lower than any business jet today.
  • The Global 7500 record from Phoenix to Paris was set by charter firm Phenix Jet Cayman.

Bombardier Announces Pricing of its New Issuance of Senior Notes due 2031

Retrieved on: 
Friday, March 22, 2024
Bombardier Inc., Sale, Regulation, Prospectus, Tender offer, Note, Debt-to-GDP ratio, Bombardier, Hand, Person

The new Senior Notes will carry a coupon of 7.250% per annum and will be sold at 99.75% of par (the “New Notes”).

Key Points: 
  • The new Senior Notes will carry a coupon of 7.250% per annum and will be sold at 99.75% of par (the “New Notes”).
  • The issuance of the New Notes is expected to close on or about April 4, 2024, 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 2026 Notes or the 2027 Notes.
  • Any redemption of 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 Notice of Partial Redemption for US$200,000,000 of its 7.875% Senior Notes due 2027

Retrieved on: 
Friday, March 22, 2024
FICC, Bombardier Inc., Sale, Attention, Prospectus, Depository Trust Company, Debt-to-GDP ratio, Bombardier, Corporation, Security (finance)

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

Key Points: 
  • MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Notes”).
  • As set forth in the conditional notice of partial redemption issued today in respect of the Notes, the redemption date is April 22, 2024 (the “Redemption Date”), and the redemption price is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.
  • The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$750 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion.
  • On March 22, 2024, a copy of the conditional notice of redemption with respect to the Notes was issued to record holders.

Bombardier Announces Launch of its New Issuance of Senior Notes due 2031

Retrieved on: 
Friday, March 22, 2024
Bombardier Inc., Sale, Regulation, Prospectus, Tender offer, Note, Debt-to-GDP ratio, Bombardier, Hand, Person

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2031 (the “New Notes”).

Key Points: 
  • MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2031 (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 2027 Notes or any other notes.
  • Any redemption of the 2027 Notes or any other notes will be made pursuant to a notice of redemption under the indentures governing such notes.

Change of representatives within the Bombardier family

Retrieved on: 
Friday, March 8, 2024
Bombardier, Principal, Class, Telephone, Laurent Beaudoin, Family, Bombardier Inc., Exercise, Legislation, Corporation, Huguette, Related, Security (finance)

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.

Bombardier’s Proven Global 7500 Makes Debut at Singapore Airshow, Smoothest-flying Ultra-Long-Range Business Jet

Retrieved on: 
Monday, February 19, 2024
Aircraft, Engineering, Bombardier, Supreme, Aviation, Flight management system, Mach, Singapore Airshow, Nuage, Bombardier Global 7500, Airline

Truly in a class of its own, the Global 7500 aircraft has transformed business aviation with its refined design, unsurpassed performance and outstanding technological advancements.

Key Points: 
  • Truly in a class of its own, the Global 7500 aircraft has transformed business aviation with its refined design, unsurpassed performance and outstanding technological advancements.
  • The ultra-long-range Global 7500 aircraft has proven to be the highest performing purpose-built business jet in the world.
  • “The Global 7500 aircraft is the perfect choice for our Asia-Pacific customers seeking the finest business jet for long-distance travel.
  • For customers or media interested in exploring the Global 7500 on display at the Singapore Airshow, visits are available by appointment.

SEGULA Technologies launches its local tooling automation systems division in the United States for advanced production modernization

Retrieved on: 
Tuesday, February 20, 2024
Engineering, Bombardier, Airbus, ADAS, Original equipment manufacturer, Segula, TAS, Management

Current projects include the integration of battery packs into vehicles or the development of advanced driver assistance systems (ADAS).

Key Points: 
  • Current projects include the integration of battery packs into vehicles or the development of advanced driver assistance systems (ADAS).
  • SEGULA Technologies is now deploying its Tooling Automation Systems (TAS) division in the United States to meet the growing demand for modernization of production facilities .
  • Specializing in the design and commissioning of automated production lines, this division strengthens SEGULA's process engineering offering in the United States.
  • We decided to set up our division in the United States because we felt that our plant design offering matched the needs of the local market.