Bombardier Announces Pricing of its New Issuance of Senior Notes due 2016 and Senior Notes due 2023
Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B) today announced that it has successfully priced its offering of US$2 billion aggregate principal amount of new Senior Notes. The issuance is comprised of US$750 million aggregate principal amount of Bombardier's Senior Notes due 2016, which carry a coupon of 4.250% per annum and will be sold at par (the "2016 Notes"), and US$1.25 billion aggregate principal amount of Bombardier's Senior Notes due 2023, which carry a coupon of 6.125% per annum and will be sold at par (the "2023 Notes"). The 2016 Notes have a maturity date of January 15, 2016, and the 2023 Notes have a maturity date of January 15, 2023. The issuance is expected to close on or about January 14, 2013. Bombardier intends to use the net proceeds of this offering for general corporate purposes.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities mentioned herein in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act. The securities mentioned herein have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.
This press release includes forward-looking statements, which are based on current expectations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", the negative of these terms, variations of them or similar terminology. By their nature, 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. While we consider our assumptions to be reasonable and appropriate based on information currently available, there is a risk that they may not be accurate. For additional information regarding these risks and uncertainties, and the assumptions underlying the forward-looking statements, refer to the respective Guidance and forward-looking statements sections in Overview, Bombardier Aerospace and Bombardier Transportation sections in the Management's Discussion and Analysis ("MD&A") in Bombardier Inc.'s annual report for the fiscal year ended December 31, 2011.
Bombardier is the world's only 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. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion. News and information are available at bombardier.com.