Bombardier Launches $500 Mln Sr. Notes Offering
(RTTNews) - Bombardier Inc. (BBD_B.TO) Tuesday said it has launched an offering of $500 million new Senior Notes due 2032.
Bombardier intends to use the proceeds to repay debts including the redemption of $240 million, 7.125% Senior Notes due 2026 and redemption of $300 million, 7.875% Senior Notes due 2027 .
As of today, there are $504 million of 2026 Notes and $1.433 billion of 2027 Notes outstanding.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.