Bombardier to redeem all senior notes due in 2027
Bombardier Inc. announced the early redemption of approximately $99.4 million in outstanding senior notes carrying a 7.875% interest rate.
Bombardier Inc. has issued a notice to redeem all of its outstanding 7.875% senior notes maturing in 2027. The redemption is scheduled for December 3, 2025, at which point the company will pay 100% of the principal amount along with any accrued interest.
The redemption involves an aggregate principal amount of $99,431,000. The transaction will be processed through the Depository Trust Company, with Deutsche Bank Trust Company Americas acting as the designated paying agent for the holders of the notes.
This move reduces the company's long-term debt obligations. By opting to settle these notes ahead of their maturity date, Bombardier continues its recent trend of actively managing its capital structure and reducing high-interest debt instruments.