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Bombardier Announces Redemption Price Calculation in Respect of its 5.750% Senior Notes Due 2022
Bombardier Inc.July 20, 2021 GMT
MONTRÉAL, July 19, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.’s (“Bombardier”) notice of redemption dated June 22, 2021 (the “Notice”) relating to all of its outstanding 5.750% Senior Notes due 2022 (the “Notes”), Bombardier today announced the calculation of the redemption price for the Notes. The redemption price for the Notes will be US$1,053.81 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.53 per US$1,000.00 (based on a Treasury Rate of 0.054%, as calculated by Bombardier on July 19, 2021), plus US$20.28 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.