Bombardier Inc. today announced that it has redeemed, as set forth in the respective notices of redemption issued on November 2, 2010 (the “Notices”), all of its Floating Rate Senior Notes due 2013 (Common Code: 027397859 / ISIN: XS0273978592 (Reg. S) / Common Code: 027397891 / ISIN: XS0273978915 (144A)) (the “Floating Rate Notes”) and its 8.00% Senior Notes due 2014 (CUSIP: C10602AK3 / ISIN: USC10602AK32 (Reg. S) / CUSIP: 097751AM3 / ISIN: US097751AM35 (144A)) (the “8.00% Notes” and, collectively with the Floating Rate Notes, the “Notes”). As set forth in the respective Notices, the redemption price is par plus accrued and unpaid interest in the case of the Floating Rate Notes (being €1,001.97 per €1,000.00 principal amount of Floating Rate Notes, consisting of €1,000.00 in principal amount plus €1.97 in accrued and unpaid interest to, but excluding, December 2, 2010) and 104.00% plus accrued and unpaid interest in the case of the 8.00% Notes (being $1,043.78 per $1,000.00 principal amount of 8.00% Notes, consisting of $1,040.00 in principal amount plus $3.78 in accrued and unpaid interest to, but excluding, December 2, 2010), in each case pursuant to the terms of the respective indenture governing each such series of Notes.
Bombardier redeemed the Notes using a portion of the net proceeds of its previously completed private offering of 6â % Senior Notes due 2021.
Notes that have not yet been surrendered to the paying agent under the respective indenture governing each series of Notes should be so surrendered in accordance with the terms of the respective Notices, as soon as possible to facilitate prompt payment. The applicable redemption price will be paid promptly following the later of the date hereof and the time of surrender of the Notes in accordance with the terms of the respective Notices.
The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any other jurisdiction, and may not be offered or sold in the United States or to a U.S. person absent registration under, or an applicable exemption from the registration requirements of, the Securities Act. The securities mentioned herein have not been and will not be qualified for sale 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.
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 additional information regarding these risks and uncertainties, and the assumptions underlying the forward-looking statements, please refer to the Forward-looking statements sections in the Management’s Discussion and Analysis (“MD&A”) of Bombardier’s annual report for fiscal year 2010.
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2010, were $19.4 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes.
Senior Director, Investor Relations