Bombardier Seeks Bondholder Consent for Indenture Amendments
Bombardier Inc. has initiated consent solicitations from holders of its outstanding debentures and notes. The company is seeking approval to amend the governing documents to include a permitted lien basket provision.
Bombardier Inc. announced it has launched consent solicitations with respect to its 7.35% Debentures due 2026 and its 7.450% Notes due 2034. The aerospace manufacturer is asking the holders of these debt instruments to consent to proposed amendments to the respective indentures.
The amendments would allow for the inclusion of a permitted lien basket provision within the existing indentures. This provision is already part of Bombardier's other outstanding debt agreements and is intended to provide the company with more flexibility in its financing and collateral arrangements.
To approve the amendments, Bombardier requires consents from holders representing a majority of the outstanding principal amount for the 2034 US dollar notes. For the 2026 Canadian dollar debentures, a higher threshold of 66 2/3% of the outstanding principal amount is needed. Holders who validly submit their consent by the deadline will receive a small payment.
The deadline for submitting consents is March 20, 2026, for the US Notes and March 27, 2026, for the Canadian Notes. Bombardier has retained Global Bondholder Services Corporation and Kingsdale Advisors to act as information and tabulation agents, with RBC Capital Markets and TD Securities serving as solicitation agents.