From GlobeNewswire:

Bombardier Inc. has initiated a Tender Offer to purchase up to US$400,000,000 of its outstanding Notes. The Tender Offer will be financed by cash on hand and proceeds from a New Offering. The Offer will expire on April 19, 2024, with an Early Tender Date of April 4, 2024. Holders of the Notes must tender by the Early Tender Date to be eligible for the Early Tender Payment. The Total Consideration includes an Early Tender Payment of US$30.00 for each US$1,000 principal amount of Notes. The Company may increase or decrease the Aggregate Maximum Purchase Amount at its discretion. Holders whose Notes are accepted will receive accrued and unpaid interest as well.

The completion of the New Offering, on terms satisfactory to the Company, is a condition for the Tender Offer. The New Offering is expected to close before April 9, 2024, with the proceeds intended to fund the redemption of the Company’s outstanding 7.875% Senior Notes due 2027 and to finance the purchase of Notes through the Tender Offer. Holders must determine whether to tender their Notes and the amount to tender. The Tender Offer is not subject to a minimum tender amount. All Notes held in book-entry form must be tendered through the appropriate intermediaries. Holders should verify any fees charged by intermediaries for tendering Notes on their behalf.



Read more at GlobeNewswire: Bombardier Announces Cash Tender Offer for Certain