Bombardier Upsizes its Previously Announced Tender Offer for its 6.75% Notes Due 2012, its 6.30% Notes Due 2014 and its Floating Rate Senior Notes Due 2013
(Thomson Reuters ONE) -
MONTREAL, QUEBEC--(Marketwire - March 15, 2010) - NOT FOR DISTRIBUTION TO ANY
PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY
Bombardier Inc. today announced that it has upsized its previously announced
cash tender offer (the "Tender Offer") for Bombardier's 6.75% Notes due 2012
(CUSIP/ISIN Nos. 097751AG6 / USC10602AG20) (the "6.75% Notes"), 6.30% Notes due
2014 (CUSIP/ISIN Nos. 097751AH4 / USC10602AH03) (the "6.30% Notes" and,
collectively with the 6.75% Notes, the "U.S. Dollar Notes") and Floating Rate
Senior Notes due 2013 (Common Code/ISIN No. 027397891 / XS0273978592) (the
"Floating Rate Notes" and, collectively with the U.S. Dollar Notes, the
"Notes").
Under the terms of the upsized offer, Bombardier is offering to purchase for
cash up to US$1.0 billion aggregate principal amount (the "Tender Cap") of Notes
based on the order of priority set forth in Bombardier's Offer to Purchase dated
March 15, 2010 and, in respect of 6.75% Notes and 6.30% Notes only, the related
Letter of Transmittal. The upsized Tender Offer represents an increase of US$450
million to the Tender Cap previously announced by Bombardier.
All remaining terms of the Tender Offer previously announced are unchanged. In
particular, the Early Participation Date, Withdrawal Date, Expiration Date and
Acceptance Priority Levels remain unchanged. In addition, the Tender Offer
remains subject to the satisfaction or waiver of a number of conditions,
including Bombardier's completion of a financing transaction, on terms
reasonably satisfactory to Bombardier, pursuant to which Bombardier receives no
less than US$1.0 billion in aggregate gross proceeds (exclusive of fees,
expenses and discounts). In this regard, it is anticipated that the Tender Offer
will be financed with a portion of the net proceeds of Bombardier's offering of
US$1.5 billion aggregate principal amount of new senior notes, the pricing of
which was announced earlier today. This offering of senior notes, which was
effected on a private placement basis exempt from the registration requirements
of the United States Securities Act of 1933, as amended (the "Securities Act"),
is expected to be completed on March 29, 2010.
Provided that the conditions to the Tender Offer are satisfied, Bombardier
anticipates that it will accept for purchase and pay for 6.75% Notes validly
tendered and not validly withdrawn at or prior to the Early Participation Date
within three business days following the Early Participation Date (the "Early
Acceptance Date"), and that it will accept for purchase and pay for 6.75% Notes
validly tendered prior to the Expiration Date and not validly withdrawn and not
previously accepted on the Early Acceptance Date, as well as 6.30% Notes and
Floating Rate Notes, subject to possible proration, validly tendered and not
validly withdrawn prior to the Expiration Date within three business days
following the Expiration Date.
For additional information regarding the terms of the Tender Offer with respect
to the U.S. Dollar Notes, please contact J.P. Morgan Securities Inc. at (866)
834-4666 (toll free) or (212) 834-3424 (collect) or Deutsche Bank Securities
Inc. at (866) 627-0391 (toll free) or (212) 250-2955 (collect). Requests for a
copy of the Offer to Purchase and the Letter of Transmittal relating to the U.S.
Dollar Notes, and questions regarding the tender of U.S. Dollar Notes may be
directed to i-Deal LLC at (877) 746-3583 (toll free) or (201) 499-3500 (banks
and brokers) or tenderoffer(at)ipreo.com
For additional information regarding the terms of the Tender Offer with respect
to the Floating Rate Notes, please contact J.P. Morgan Securities Ltd. at +44
(0)20 7325 9633 or Deutsche Bank AG, London Branch, at +44 20 7545 8011.
Requests for a copy of the Offer to Purchase and questions regarding the tender
of Floating Rate Notes may be directed to Lucid Issuer Services Limited at +44
20 7704 0880 or bombardier(at)lucid-is.com
This announcement does not constitute an offer to buy or the solicitation of an
offer to sell any securities in any jurisdiction or in any circumstances in
which such offer or solicitation is unlawful. In those jurisdictions where the
securities, blue sky or other laws require the Tender Offer to be made by a
licensed broker or dealer, the Tender Offer will be deemed to be made by the
Dealer Managers or one or more registered brokers or dealers licensed under the
laws of such jurisdiction. The securities mentioned herein have not been and
will not be registered under the Securities Act, or the securities laws of any
other jurisdiction, and may not be offered or sold in the United States absent
registration under, or an applicable exemption from the registration
requirements of, the Securities Act. The securities mentioned herein have not
been and will not be qualified for sale 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 and dealer
registration requirements of such securities laws.
None of Bombardier or its board of directors, the dealer managers, the tender
agent, depositary or information agents, or the trustees for the respective
series of Notes makes any recommendation that holders tender or refrain from
tendering all or any portion of the principal amount of their Notes, and no one
has been authorized by us or any of them to make such a recommendation. Holders
must make their own decision as to whether to tender their Notes, and, if so,
the principal amount of Notes to tender.
The communication of this announcement and any other documents or materials
relating to the Tender Offer is not being made and such documents and/or
materials have not been approved by an authorised person for the purposes of
section 21 of the Financial Services and Markets Act 2000. Accordingly, such
documents and/or materials are not being distributed to, and must not be passed
on to, the general public in the United Kingdom. The communication of such
documents and/or materials as a financial promotion is only being made to those
persons in the United Kingdom falling within the definition of investment
professionals (as defined in Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order")) or persons who are
within Article 43(2) of the Order, or to any persons to whom it may otherwise
lawfully be made under the Order.
The Tender Offer is not being, and will not be, made, directly or indirectly, in
the Republic of Italy ("Italy"). The Tender Offer has not been, and will not be,
submitted to the clearance procedures of the Commissione Nazionale per le
Societa e la Borsa ("CONSOB") and/or the Bank of Italy pursuant to Italian laws
and regulations. Neither the Offer to Purchase nor any other documents or
materials relating to the Tender Offer or the Notes may be distributed or made
available in Italy.
Neither this announcement nor any other documents or materials relating to the
Tender Offer have been submitted to or will be submitted for approval or
recognition to the Belgian Banking, Finance and Insurance Commission (Commission
bancaire, financiere et des assurances/Commissie voor het Bank-, Financie- en
Assurantiewezen) and, accordingly, the Tender Offer may not be made in the
Kingdom of Belgium ("Belgium") by way of a public offering, as defined in
Article 3 of the Belgian Law of 1 April 2007 on public takeover bids or as
defined in Article 3 of the Belgian Law of 16 June 2006 on the public offer of
placement instruments and the admission to trading of placement instruments on
regulated markets (together, the "Belgian Public Offer Law"), each as amended or
replaced from time to time. Accordingly, the Tender Offer may not be advertised
and the Tender Offer will not be extended, and neither this announcement nor any
other documents or materials relating to the Tender Offer (including any
memorandum, information circular, brochure or any similar documents) has been or
shall be distributed or made available, directly or indirectly, to any person in
Belgium other than "qualified investors" in the sense of Article 10 of the
Belgian Public Offer Law (as amended from time to time), acting on their own
account.
The Tender Offer is not being made, directly or indirectly, to the public in the
Republic of France ("France"). Neither this announcement nor any other documents
or materials relating to the Tender Offer have been or shall be distributed to
the public in France and only (i) providers of investment services relating to
portfolio management for the account of third parties (personnes fournissant le
service d'investissement de gestion de portefeuille pour compte de tiers) and/or
(ii) qualified investors (investisseurs qualifies) other than individuals, all
as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 to
D.411-3 of the French Code monetaire et financier, are eligible to participate
in the Tender Offer. The Offer to Purchase has not been and will not be
submitted for clearance to nor approved by France's Autorite des Marches
Financiers.
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
additional information with regarding these risks and uncertainties, and the
assumptions underlying the forward-looking statements, please refer to the Offer
to Purchase.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from
commercial aircraft and business jets to rail transportation equipment, systems
and services, Bombardier Inc. is a global corporation headquartered in Canada.
Its revenues for the fiscal year ended Jan. 31, 2009, were $19.7 billion US, and
its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed
as an index component to the Dow Jones Sustainability World and North America
indexes. News and information are available at www.bombardier.com
Contacts:
Bombardier Inc.
Isabelle Rondeau
Director, Communications
514-861-9481
Bombardier Inc.
Shirley Chenier
Senior Director, Investor Relations
514-861-9481
www.bombardier.com
[HUG#1394220]
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Datum: 15.03.2010 - 20:39 Uhr
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