BOMBARDIER INC. - Receives requisite consent from holders of certain tranches of outstanding senior notes.
- Extends consent solicitations period to provide holders further opportunity to consent.
The requisite consents were received for the following series of the Corporation’s outstanding senior notes and the corresponding Supplemental Indentures have been entered into and are effective and the Effective Time for each such series has occurred (so that previously delivered Consents may no longer be revoked, although such Supplemental Indentures are not yet operative) in respect of each such series:
| TITLE OF SECURITY | CUSIP / ISIN (144A) | CUSIP / ISIN (Reg S) |
| 6.000% Senior Notes due 2022 | 097751BJ9 / US097751BJ96 | C10602AY3 / USC10602AY36 |
| 6.125% Senior Notes due 2023 | 097751BF7 / US097751BF74 | C10602AW7 / USC10602AW79 |
| 7.500% Senior Notes due 2024 | 097751BR1 / US097751BR13 | C10602BF3 / USC10602BF38 |
| 7.500% Senior Notes due 2025 | 097751BM2 / US097751BM26 | C10602BA4 / USC10602BA41 |
Extending Consent Solicitations
Pursuant to the terms of the Consent Solicitation Statement, in order for the Proposed Amendments with respect to the series of notes listed above to become operative, the Company need only receive the requisite consents for the Company’s 7.875% Senior Notes due 2027.
However, to ensure that all Holders of the Company’s notes who did not already consent have the opportunity to participate in the Consent Solicitations, the Corporation also announced the extension of the expiration date of all of its previously announced Consent Solicitations as follows.
The expiration date for the below series of notes has been extended to
| TITLE OF SECURITY | CUSIP / ISIN (144A) | CUSIP / ISIN (Reg S) |
| 5.750% Senior Notes due 2022 | 097751AY7 / US097751AY72 | C10602AR8 / USC10602AR84 |
| 6.000% Senior Notes due 2022 | 097751BJ9 / US097751BJ96 | C10602AY3 / USC10602AY36 |
| 6.125% Senior Notes due 2023 | 097751BF7 / US097751BF74 | C10602AW7 / USC10602AW79 |
| 7.500% Senior Notes due 2024 | 097751BR1 / US097751BR13 | C10602BF3 / USC10602BF38 |
| 7.500% Senior Notes due 2025 | 097751BM2 / US097751BM26 | C10602BA4 / USC10602BA41 |
| 7.875% Senior Notes due 2027 | 097751BT7 / US097751BT78 | C10602BG1 / USC10602BG11 |
| 7.450% Senior Notes due 2034 | 097751AL5 / US097751AL51 | C10602AJ6 / USC10602AJ68 |
The expiration date for the below debentures has been extended to
| TITLE OF SECURITY | CUSIP / ISIN (144A) | CUSIP / ISIN (Reg S) |
| 7.35% Debentures due 2026 | 097751AE1 / CA097751AE11 | -- |
As previously announced, if the requisite consents from holders of a series of notes are received and the Proposed Amendments (as defined in the Consent Solicitation Statement) are adopted and become operative, then the Corporation will make a consent payment of
Except as set forth herein with respect to the expiration date, the terms and conditions of the Consent Solicitations remain the same as set forth and described in the Consent Solicitation Statement. The Corporation reserves the absolute right, subject to applicable laws, to further amend, waive or modify the terms of the Consent Solicitations in any manner. For a complete statement of the terms and conditions of the Consent Solicitations, holders are encouraged to read the Corporation’s Consent Solicitation Statement.
Holders who have previously delivered consents in connection with the Consent Solicitations do not need to redeliver such consents or take any other action in response to this announcement in order to consent to the Consent Solicitations.
The Corporation has retained
Holders are advised to check with any bank, securities broker or other intermediary through which they hold any of the notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in, the Consent Solicitations, before the deadlines specified herein and in the Consent Solicitation Statement. The deadlines set by each clearing system for the submission and withdrawal of instructions will also be earlier than the relevant deadlines specified herein and in the Consent Solicitation Statement. You should check with such broker, dealer, commercial bank, trust company or other nominee to determine whether they will charge you a fee for delivering your consent on your behalf.
None of the Corporation, the trustees for the notes, the agents under the respective indentures for the notes, the US Information and Tabulation Agent, the Canadian Information and Tabulation Agent, any of their respective subsidiaries or affiliates or any of its or their respective directors, officers, employees or representatives makes any recommendation to holders as to whether or not to deliver their consent pursuant to any of the Consent Solicitations, and none of the foregoing has authorized any person to make any such recommendation. Holders must decide whether to provide their consent.
This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the notes or any other securities in
Holders are requested to read and consider carefully the information contained in the Consent Solicitation Statement and to deliver their consent in accordance with the instructions set forth in the Consent Solicitation Statement.
About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in
News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Bombardier is a trademark of
This announcement does not constitute an offer to buy or the solicitation of an offer to sell any securities in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Consent Solicitation to be made by a licensed broker or dealer, the Consent Solicitation will be deemed to be made by one or more registered brokers or dealers licensed under the laws of such jurisdiction.
Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements, including statements with respect to the Corporation’s ability to complete the Consent Solicitation, are based on estimates, projections, beliefs and assumptions that Bombardier believes are reasonable but are not guarantees of future events and results.
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 Consent Solicitation Statement.
For information
Vice President, Financial Planning and Investor Relations Bombardier +1 514 855 5001 x13228 | Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167 |
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