Bombardier Inc. today announced that it has redeemed $200 million principal amount of its outstanding 7.500% Senior Notes due 2024 (the “2024 Notes”) and $200 million principal amount of its outstanding 7.500% Senior Notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Redemption Notes”), in each case as set forth in the respective notices of partial redemption issued February 15, 2022.
Payment of the redemption price and surrender of the respective Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
“Debt reimbursement is one of the key strategic priorities for our company and the completion of today’s paydown using cash from the balance sheet demonstrates our focus on this objective,” said Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier.
“With our strong liquidity position at the end of last year and a competitive portfolio of world-leading business jets, we continue the work towards our 2025 business objectives, as outlined during our recent Investor Day.”