Latest news with #BombardierInc
Yahoo
5 days ago
- 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
Hamilton Spectator
14-05-2025
- Business
- Hamilton Spectator
Bombardier Announces Launch of US$500 million New Issuance of Senior Notes due 2033 to retire US$500 million of its Senior Notes due 2027
MONTRÉAL, May 14, 2025 (GLOBE NEWSWIRE) — Bombardier Inc. ('Bombardier') today announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2033 (the 'New Notes'). 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, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The Conditional 2027 Notes Redemption is expected to be subject to certain conditions, including the completion of the offering of the New Notes. 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. 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
The Market Online
14-05-2025
- Business
- The Market Online
Bombardier to issue US$500M in new debt due 2033
Bombardier (TSX:BBD.A) will undertake a US$500 million senior notes debt offering with a maturity date of 2033 Management will allocate the proceeds to debt repayment and retirement Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock (TSX:BBD.A) has added 24.76 per cent year-over-year and 418.63 per cent since 2020 Bombardier (TSX:BBD.A) will undertake a US$500 million senior notes debt offering with a maturity date of 2033. The proceeds will go towards funding the repayment and retirement of outstanding debt. This includes the redemption of US$500 million of the company's 7.875 per cent senior notes due 2027, of which US$683,142,000 remains outstanding. According to Wednesday's news release, these transactions are conditional on the market and any other stipulations management may set to ensure a value-accretive outcome. The news follows Bombardier's second-straight year of positive net income in 2024, with its adjusted net debt to adjusted EBITDA ratio falling from 3.3 times to 2.9 times year-over-year. The jet maker followed this up with continued profitability in Q1 2025, expecting top and bottom-line growth throughout the year. 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) last traded at C$90.76. The stock has added 24.76 per cent year-over-year and 418.63 per cent since 2020. Join the discussion: Find out what everybody's saying about this aviation stock 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.
Yahoo
03-05-2025
- Business
- Yahoo
Bombardier Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Shareholders might have noticed that Bombardier Inc. (TSE:BBD.B) filed its quarterly result this time last week. The early response was not positive, with shares down 6.0% to CA$85.76 in the past week. It looks like a pretty bad result, all things considered. Although revenues of US$1.5b were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 43% to hit US$0.37 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, the most recent consensus for Bombardier from 14 analysts is for revenues of US$9.22b in 2025. If met, it would imply an okay 3.5% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 116% to US$6.01. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$9.17b and earnings per share (EPS) of US$6.58 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year. View our latest analysis for Bombardier The consensus price target held steady at CA$112, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Bombardier analyst has a price target of CA$140 per share, while the most pessimistic values it at CA$86.79. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Bombardier's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Bombardier's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 4.7% growth on an annualised basis. This is compared to a historical growth rate of 8.0% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 10% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Bombardier. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Bombardier. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Bombardier going out to 2027, and you can see them free on our platform here.. That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Bombardier (at least 2 which are a bit concerning) , and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error 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
