Bombardier launches $500M (U.S.) senior note offering

Mr. Francis Richer de La Fleche reports BOMBARDIER ANNOUNCES LAUNCH OF US$500,000,000 NEW ISSUANCE OF SENIOR NOTES DUE 2035 TO RETIRE SENIOR NOTES DUE 2029 Bombardier Inc. has launched an offering of $500-million (U.S.) aggregate principal amount of new senior notes due 2035. Bombardier intends to use the proceeds of the offering of the new notes, together with cash on hand, (i) to finance the repayment and/or retirement of outstanding indebtedness, including the redemption of all of its outstanding 7.50 per cent senior notes due 2029, and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, there is $750-million (U.S.) aggregate principal amount outstanding of the 2029 notes. Consummation of the offering of the new notes and the conditional 2029 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 2029 notes redemption is expected to be subject to certain conditions, including the completion of the offering of the new notes. We seek Safe Harbor.