Bombardier Inc. (“Bombardier”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 4.75% senior notes due 2019 (CUSIP No. 097751BH3 / US097751BH31 (144A) / ISIN No. C10602AX5 / USC10602AX52 (Reg. S)) (the “2019 Notes”) expired at 5:00 p.m., New York City time, on November 28, 2017 (the "Expiration Time"). As of the Expiration Time, $406,762,000 aggregate principal amount of the 2019 Notes (67.79%) were validly tendered, which excludes $878,000 aggregate principal amount of the 2019 Notes that remain subject to guaranteed delivery procedures. Bombardier expects to accept for payment all such 2019 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2019 Notes on November 29, 2017, except as provided hereinafter. Bombardier expects to make payment for any such 2019 Notes validly tendered and not validly withdrawn pursuant to the guaranteed delivery procedures on December 1, 2017. The Tender Offer was subject to Bombardier’s successful completion of its previously announced debt financing transaction (the "Financing Condition"), and such Financing Condition was satisfied on November 27, 2017.
As previously announced, on November 27, 2017 Bombardier issued a notice of redemption calling for redemption any 2019 Notes not validly tendered and purchased in the Tender Offer. Such redemption is being made pursuant to the terms of the Indenture relating to the 2019 Notes.