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Bombardier Inc. - Tender Offer - Update
Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today
06 NOVEMBER 2023
Full announcement, including disclaimers and restrictions available via Bombardier Inc.
"Bombardier Inc. (“Bombardier” or the “Company”) today announced an amendment with respect to its cash tender offer previously announced on November 6, 2023 (the “Tender Offer”) to purchase for cash up to $110,000,000 aggregate purchase price (exclusive of accrued and unpaid interest, and as such aggregate purchase price may be increased or decreased by the Company, the “Aggregate Maximum Purchase Amount”) of (i) its outstanding 7.125% Senior Notes due 2026 (the “2026 Notes”) and (ii) its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes” and together with the 2026 Notes, the “Notes”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated November 6, 2023 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer.
The Tender Offer and the Offer to Purchase are hereby amended as follows:
The Aggregate Maximum Purchase Amount shall be raised from $110,000,000 to $360,000,000;
The 2026 Tender Cap shall be raised from $75,000,000 to $200,000,000; and
The 2027 Tender Cap shall be raised from $35,000,000 to $160,000,000.
Except as expressly set forth herein, the terms and conditions with respect to the Tender Offer are as set forth in the Offer to Purchase, subject to the Corporation’s right to further waive, amend or terminate any provisions of the Tender Offer, in the Corporation’s sole and absolute discretion."
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Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes
06 NOVEMBER 2023
Full announcement, including disclaimers and restrictions available via Bombardier Inc.
"Bombardier Inc. (“Bombardier” or the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $110,000,000 aggregate purchase price (exclusive of accrued and unpaid interest) (as such aggregate purchase price may be increased or decreased by the Company, the “Aggregate Maximum Purchase Amount”) of its outstanding Notes of the two series listed in the table below (collectively, the “Notes”); provided that the Company will only accept for purchase (i) its 7.125% Senior Notes due 2026 having an aggregate purchase price of up to $75,000,000 (exclusive of accrued and unpaid interest) (as such aggregate purchase price for such 2026 Notes may be increased or decreased by the Company, the “2026 Tender Cap”) and (ii) its 7.875% Senior Notes due 2027 having an aggregate purchase price of up to $35,000,000 (exclusive of accrued and unpaid interest) (as such aggregate purchase price for such 2027 Notes may be increased or decreased by the Company, the “2027 Tender Cap”). The Tender Offer will be financed by the amounts raised in Bombardier’s offering of new Senior Notes (the “New Offering”) (net of transaction fees and expenses). The Tender Offer is being made pursuant to an Offer to Purchase dated November 6, 2023.
The table below summarizes certain payment terms for the Tender Offer:"
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****PREVIOUS OFFER BELOW****
Bombardier Announces Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes
31 JANUARY 2023
Full announcement available via Bombardier
"MONTRÉAL, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Company”) today announced an amendment with respect to its cash tender offer previously announced on January 17, 2023 (the “Tender Offer”) to purchase for cash up to $104,000,000 aggregate principal amount (exclusive of accrued and unpaid interest, and as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 7.50% Senior Notes due 2025 (the “Notes”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated January 17, 2023 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer. The Tender Offer and the Offer to Purchase are hereby amended as follows:
The Aggregate Maximum Principal Amount shall be raised from $104,000,000 to $354,000,000."
Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today
17 JANUARY 2023
Full announcement available via GBSC.
"MONTRÉAL, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Company”) today announced an amendment with respect to its cash tender offer previously announced on January 17, 2023 (the “Tender Offer”) to purchase for cash up to $104,000,000 aggregate principal amount (exclusive of accrued and unpaid interest, and as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 7.50% Senior Notes due 2025 (the “Notes”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated January 17, 2023 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer. The Tender Offer and the Offer to Purchase are hereby amended as follows: The Aggregate Maximum Principal Amount shall be raised from $104,000,000 to $354,000,000."
Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes
17 JANUARY 2023
Full announcement available via GLOBENEWSWIRE.
"MONTRÉAL, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $104,000,000 aggregate principal amount (exclusive of accrued and unpaid interest, and as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 7.50% Senior Notes due 2025 (the “Notes”). The Tender Offer is being made in connection with a concurrent offering of notes by the Company (the “New Notes”) to be sold in an offering (the “New Offering”) exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. The Tender Offer will be financed by the amounts raised in the New Offering (net of transaction fees and expenses). The Tender Offer is being made pursuant to an Offer to Purchase dated January 17, 2023.
The table below summarizes certain payment terms for the Tender Offer:"
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