Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) (“Bombardier”) has announced that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 4.75% senior notes due 2019 expired at 5:00 p.m., New York City time, on November 28, 2017, the company said.
As of the Expiration Time, USD 406,762,000 aggregate principal amount of the 2019 Notes (67.79%) were validly tendered, which excludes USD 878,000 aggregate principal amount of the 2019 Notes that remain subject to guaranteed delivery procedures.
Bombardier expects to accept for payment all such 2019 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2019 Notes on November 29, 2017, except as provided hereinafter. Bombardier expects to make payment for any such 2019 Notes validly tendered and not validly withdrawn pursuant to the guaranteed delivery procedures on December 1, 2017.
The Tender Offer was subject to Bombardier´s successful completion of its previously announced debt financing transaction (the “Financing Condition”), and such Financing Condition was satisfied on November 27, 2017.
Bombardier is the world´s manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Bombardier is headquartered in MontrÃ©al, Canada.