MONTREAL, May 21, 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 2032 (the "New Notes").
Bombardier intends to use the proceeds of the offering of the New Notes,
together with cash on hand, (i) to fund the repayment and/or retirement of
outstanding indebtedness, including the redemption of US$240 million aggregate
principal amount of its outstanding 7.125% Senior Notes due 2026 (the "2026
Notes", and such redemption, the "Conditional 2026 Notes Redemption") and the
redemption of US$300 million aggregate principal amount of its outstanding
7.875% Senior Notes due 2027 (the "2027 Notes", and such redemption, the
"Conditional 2027 Notes Redemption"), and (ii) to pay accrued interest and
related fees and expenses. 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.
Consummation of the offering of the New Notes, the Conditional 2026 Notes
Redemption and the Conditional 2027 Notes Redemption are subject to market and
other conditions, and there can be no assurance that Bombardier will be able to
successfully complete these transactions on the terms described above, or at
all. 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 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 New 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 New Notes mentioned herein may be 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 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 will be made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes will be offered and sold in Canada on a private placement basis only to "accredited investors" pursuant to certain prospectus exemptions.
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.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are forward-looking statements based on
current expectations. By their nature, forward-looking statements require us to
make assumptions and are subject to important known and unknown risks and
uncertainties, which may cause our actual results in future periods to differ
materially from those set forth in the forward-looking statements.
For information

 Francis Richer de La Flèche                    Mark Masluch
 Vice President, Financial Planning and         Senior Director, Communications
 Investor                                       Bombardier
 Relations Bombardier                           +1 514 855 7167

+1 514 240 9649
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