Bombardier Prices $1.2 Billion Worth Of Senior Notes

Bombardier Inc. (TSX: BBD.B) announced this morning the pricing of its recently upsized US$1.2 billion senior notes due 2026. The notes will carry 7.125% annual interest and will be sold at 100% of par.

The company said the net proceeds of this debt offering are expected to finance Bombardier’s US$1.0 billion tender offer, which applies to the following:

  • 5.750% senior notes due 2022, which has a current outstanding principal amount of US$181.2 million 
  • 6.000% senior notes due 2022, which has a current outstanding principal amount of US$1.2 billion
  • 6.125% senior notes due 2022, which has a current outstanding principal amount of US$1.0 billion 

The remainder of the proceeds will be used for general corporate purposes, including the repayment of other outstanding debt.

The offering is expected to close June 8, 2021, subject to customary conditions.

Bombardier Inc. last traded at $10.10 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Bombardier Hits $2.1 Billion Revenue in Q3 2024, Cash Flow In Free Fall

Bombardier Inc. (TSX: BBD.B) reported a 12% increase in third-quarter 2024 revenue, reaching $2.1 billion,...

Thursday, November 7, 2024, 08:37:18 AM

Market Movers: Bombardier Tumbles After Failing To Meet Revised Guidance

Bombardier Inc’s Class B Subordinate Shares (TSX: BBD.B) has been the largest marker mover by...

Thursday, January 16, 2020, 12:05:33 PM

Bombardier Records US$6.09 Billion In Revenue In 2021

Bombardier (TSX: BBD.B) shared today its Q4 and full-year financial results for 2021. The company...

Thursday, February 10, 2022, 10:44:00 AM

Well Health, Bombardier To Be Added To S&P/TSX Composite Index

The latest changes for the S&P/TSX Composite Index, assembled by S&P Down Jones Indices, were...

Sunday, September 5, 2021, 12:09:00 PM

Bombardier To Implement 25 To 1 Share Consolidation

It appears that Bombardier Corp (TSX: BBD.B) is headed for a share consolidation. The company...

Monday, May 9, 2022, 10:24:00 AM