Latest news with #BombardierInc
Bloomberg
02-07-2025
- Business
- Bloomberg
Bombardier Shares Hit Highest Since 2018 on $1.7 Billion Airplane Order
Bombardier Inc. shares soared to the highest level in seven years after the Quebec-based private jet-maker announced a $1.7 billion aircraft order with an anonymous client. The company's stock rose by over 16% at its peak on Wednesday to C$137.98 in Toronto, its biggest increase since April 9 when US President Donald Trump announced a 90-day pause on tariffs against Canada and other nations. Canadian markets were closed on July 1 for the Canada Day holiday.
The Market Online
18-06-2025
- Business
- The Market Online
S&P Global upgrades Bombardier credit rating
Bombardier stock (TSX:BBD.A) is up after S&P Global upgraded the company's credit rating from BB- to B+ with a stable outlook Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 22.42 per cent year-over-year and 561.23 per cent since 2020 Bombardier stock (TSX:BBD.A) is up after S&P Global upgraded the company's credit rating from BB- to B+ with a stable outlook. According to Wednesday's statement from Bart Demosky, Bombardier's executive vice president and chief financial officer, 'this upgrade underscores Bombardier's robust financial performance and strategic management, reflecting our solid execution across business segments, effective deleveraging efforts and increase in liquidity.' The company has been net income profitable for over two years coming out of its restructuring in 2021, which saw it exit the train business to focus exclusively on private jets. Revenue is up by more than 42 per cent over the period combined with a 22 per cent reduction in total debt. 'We now look to the future with confidence, knowing we have solid financial foundations, a strong backlog providing visibility on future deliveries, diversification through growth of Services and Defense businesses, as well as a market-leading product portfolio that continues to see strong demand,' Demosky added. As detailed in Bombardier's Q1 2025 financial results, the company expects year-over-year improvements in aircraft deliveries, revenue, adjusted EBITDA and free cash flow in 2025 supported by a robust backlog of US$14.2 billion as of March 31. About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) is up by 0.98 per cent trading at C$107.45 as of 9:37 am ET. The stock has added 22.42 per cent year-over-year and 561.23 per cent since 2020. Join the discussion: Find out what everybody's saying about this private jet company on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Hamilton Spectator
13-06-2025
- Business
- Hamilton Spectator
Bombardier Completes Partial Redemption of US$500,000,000 of its 7.875% Senior Notes due 2027
MONTRÉAL, June 13, 2025 (GLOBE NEWSWIRE) — Bombardier Inc. ('Bombardier') today announced that it has redeemed US$500 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the 'Redemption Notes') as set forth in the notice of partial redemption issued May 14, 2025. Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful. The Redemption Notes 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 Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws. FORWARD-LOOKING STATEMENTS Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. For information
Yahoo
29-05-2025
- Business
- Yahoo
Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. ('Bombardier') today announced that it has successfully closed its previously announced offering of US$500 million aggregate principal amount of Senior Notes due 2033 (the 'New Notes'). The New Notes carry a coupon of 6.750% per annum, mature on June 15, 2033 and were sold at par. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of US$500 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the '2027 Notes'), and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, prior to giving effect to this redemption, there is US$683,142,000 aggregate principal amount outstanding of the 2027 Notes. The redemption is expected to be completed on June 13, 2025, in accordance with the notice of partial redemption that Bombardier issued on May 14, 2025. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful. The New Notes 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 New Notes mentioned herein were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act. The New Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada was made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes were offered and sold in Canada on a private placement basis only to 'accredited investors' pursuant to certain prospectus exemptions. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements For information Francis Richer de La FlècheVice President, Financial Planning and Investor Relations Bombardier +1 514 240 9649 Mark MasluchSenior Director, Communications Bombardier +1 514 855 7167Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Bombardier Announces Pricing of its New Issuance of Senior Notes due 2033
MONTRÉAL, May 14, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. ('Bombardier') today announced that it has successfully priced its offering of US$500 million aggregate principal amount of new Senior Notes due June 15, 2033. The new Senior Notes will carry a coupon of 6.750% per annum and will be sold at par (the 'New Notes'). The issuance of the New Notes is expected to close on or about May 29, 2025, subject to customary closing conditions. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of US$500 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the '2027 Notes', and such redemption, the 'Conditional 2027 Notes Redemption'), and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, there is US$683,142,000 aggregate principal amount outstanding of the 2027 Notes. Consummation of the offering of the New Notes and the Conditional 2027 Notes Redemption are subject to market and other conditions, including the completion of the offering of the New Notes prior to the redemption date set forth in such notice of redemption, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful. The New Notes 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 New Notes mentioned herein may be offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act. The New Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes will be offered and sold in Canada on a private placement basis only to 'accredited investors' pursuant to certain prospectus exemptions. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the New Notes or an offer to purchase or solicitation of an offer to sell the 2027 Notes. This announcement does not constitute a redemption notice in respect of any 2027 Notes. Any redemption of the 2027 Notes will be made pursuant to a notice of redemption under the indenture governing such notes. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. For information Francis Richer de La FlècheVice President, Financial Planning and Investor Relations Bombardier +1 514 240 9649 Mark MasluchSenior Director, Communications Bombardier +1 514 855 7167Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
