Bombardier's Redemption Notice for Senior Notes
Bombardier Inc. has recently declared its intention to redeem all outstanding 7.875% Senior Notes due in 2027, amounting to a total principal of US$99,431,000. This redemption signifies a strategic move as the company advances its financial management efforts.
Details on the Redemption
The planned redemption date is set for December 3, and the company will redeem these notes at a price reflecting 100% of their principal value, along with any accrued and unpaid interest. A formal notice was issued to all registered holders of the notes on November 3.
Payment and Surrender Procedures
To facilitate this process, Bombardier has arranged for payments and the surrender of the notes to be handled through the Depository Trust Company. This method ensures an efficient and streamlined transaction for current note holders on the designated redemption date.
Paying Agent Information
The designated paying agent for the redemption is Deutsche Bank Trust Company Americas. Interested parties can reach out to them at their Jacksonville, Florida office. The phone contact for inquiries is +1 800-735-7777.
Implications for Investors
This redemption notice is particularly relevant for investors holding the notes as it indicates Bombardier's ongoing commitment to managing its debt strategically. The company's decision reflects its overall financial health and proactive measures to optimize its capital structure.
Strategic Financial Management
Bombardier has been focused on improving its liquidity and reducing its long-term debt obligations. This decision to redeem its senior notes is part of a broader strategy aimed at enhancing shareholder value and maintaining financial stability.
Company Contact Information
For additional inquiries regarding this announcement, investors can contact two key personnel within the company. Francis Richer de La Flèche serves as the Vice President of Financial Planning and Investor Relations, while Mark Masluch holds the position of Senior Director of Communications. Their efforts aimed to support investor communications are crucial in this transition.
Frequently Asked Questions
What notes is Bombardier redeeming?
Bombardier is redeeming all outstanding 7.875% Senior Notes due 2027, totaling US$99,431,000.
When is the redemption date?
The redemption date is scheduled for December 3.
What will holders receive in the redemption?
Holders will receive 100% of their principal amount, plus any accrued and unpaid interest.
Who is the paying agent for the redemption?
The paying agent is Deutsche Bank Trust Company Americas, located in Jacksonville, Florida.
Who can I contact for more information?
For further inquiries, you can contact Francis Richer de La Flèche or Mark Masluch at Bombardier.