MONTREAL, QUEBEC--(Marketwired - Apr 24, 2015) -
Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) - Pursuant to
Bombardier's notice of redemption dated March 30, 2015 (the
"Notice") relating to its outstanding 4.250% Senior Notes due 2016
(the "Notes"), Bombardier today announced the calculation of the
redemption price for the Notes. The redemption price for the Notes
will be US$1,037.624 per US$1,000.00 principal amount of Notes,
consisting of the Make-Whole Premium of US$1,025.346 per
US$1,000.00 (based on a Treasury Rate of 0.17% as calculated by
Bombardier on April 24, 2015), plus US$12.278 in accrued and unpaid
interest to but not including the redemption date for the Notes,
all as calculated in accordance with the terms of the indenture
governing the Notes.
The redemption date for the Notes is April 29,
2015, as set forth in the Notice.
This press release does not
constitute an offer to sell or the solicitation of an offer to buy
any security and shall not constitute an offer, solicitation or
sale of any securities in any jurisdiction in which such offering,
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, any state securities laws or
the laws of any other jurisdiction, and may not be offered or sold
in the United States absent registration or an applicable exemption
from such registration requirements. The securities mentioned
herein have not been and will not be qualified for distribution to
the public under applicable Canadian securities laws and,
accordingly, the securities mentioned herein may not be offered or
sold in Canada other than on a basis which is exempt from the
prospectus requirements of applicable securities laws in
Canada.
FORWARD-LOOKING
STATEMENTS
This press release includes
forward-looking statements, which may involve, but are not limited
to: statements with respect to the Corporation's objectives,
guidance, targets, goals, priorities, market and strategies,
financial position, beliefs, prospects, plans, expectations,
anticipations, estimates and intentions; general economic and
business outlook, prospects and trends of an industry; expected
growth in demand for products and services; product development,
including projected design, characteristics, capacity or
performance; expected or scheduled entry-into-service of products
and services, orders, deliveries, testing, lead times,
certifications and project execution in general; competitive
position; and the expected impact of the legislative and regulatory
environment and legal proceedings on the Corporation's business and
operations; the Corporation's available liquidities and the
Corporation's capital raising plan, the use of proceeds from the
Offering; the impact of the offering on the Corporation's
operations, infrastructure, opportunities, financial condition,
access to capital and overall strategy;. Forward-looking statements
generally can be identified by the use of forward-looking
terminology such as "may", "will", "expect", "intend",
"anticipate", "plan", "foresee", "believe", "continue", "maintain"
or "align", the negative of these terms, variations of them or
similar terminology. By their nature, forward-looking statements
require management to make assumptions and are subject to important
known and unknown risks and uncertainties, which may cause actual
results in future periods to differ materially from those
forecasted. While management considers these assumptions to be
reasonable and appropriate based on information currently
available, there is risk that they may not be accurate. For
additional information with respect to the assumptions underlying
the forward-looking statements made in this press release, refer to
the respective Guidance and forward-looking statements sections in
Aerospace and in Transportation in the Management's Discussion and
Analysis (MD&A) of the Corporation's financial report for the
fiscal year ended December 31, 2014.
Certain factors that could cause
actual results to differ materially from those anticipated in the
forward-looking statements include, but are not limited to, risks
associated with general economic conditions, risks associated with
the Corporation's business environment (such as risks associated
with the financial condition of the airline industry and major rail
operators), operational risks (such as risks related to developing
new products and services; doing business with partners; product
performance warranty and casualty claim losses; regulatory and
legal proceedings; the environment; dependence on certain customers
and suppliers; human resources; fixed-price commitments and
production and project execution), risks relating to the
Corporation's ability to implement its capital raising plan and
mitigate potential liquidity underperformance; financing risks
(such as risks related to liquidity and access to capital markets,
exposure to credit risk, certain restrictive debt covenants,
financing support provided for the benefit of certain customers and
reliance on government support); and market risks (such as risks
related to foreign currency fluctuations, changing interest rates,
decreases in residual values and increases in commodity prices).
For more details, see the Risks and uncertainties section in Other
in the MD&A of the Corporation's financial report for the
fiscal year ended December 31, 2014. Readers are cautioned that the
foregoing list of factors that may affect future growth, results
and performance is not exhaustive and undue reliance should not be
placed on forward-looking statements. The forward-looking
statements set forth herein reflect management's expectations as at
the date of this press release and are subject to change after such
date. Unless otherwise required by applicable securities laws, the
Corporation expressly disclaims any intention, and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
Isabelle Rondeau
Director, Communications
Bombardier Inc.
+514 861 9481
Shirley Chenier
Senior Director, Investor Relations
Bombardier Inc.
+514 861 9481