Bombardier Inc. (BDRAF) (“Bombardier”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase for cash a portion of its 8.750% Senior Notes due 2021 (CUSIP No. 097751BP5 / ISIN No. US097751BP56 (144A) // CUSIP No. C10602BB2 / ISIN No. USC10602BB24 (Reg. S)) (the “Notes”), expired at 11:59 p.m., New York City time, on April 10, 2019 (such date and time, the "Expiration Date"). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated February 28, 2019 (as amended on March 14, 2019 and as further amended on March 28, 2019) with respect to the Tender Offer.
The aggregate principal amount of Notes validly tendered and not validly withdrawn after the Original 8.750% Notes Expiration Date and at or prior to the Expiration Date amounts to US$313,000 (the “Additional Tendered Notes”), which, together with the US$382,148,000 aggregate principal amount of Notes that was previously tendered under the Tender Offer and purchased by Bombardier on March 29, 2019, represents, in the aggregate, approximately 27.32% of the aggregate principal amount of the Notes outstanding prior to the Tender Offer. Approximately US$1,017,539,000 aggregate principal amount of Notes will remain outstanding upon completion of the Tender Offer.
Bombardier today accepted for purchase all of the Additional Tendered Notes at a purchase price of US$1,105 for each US$1,000 principal amount of Notes, plus accrued and unpaid interest on the Additional Tendered Notes from the last interest payment date to, but not including, the settlement date for the purchase of the Additional Tendered Notes, which is expected to be April 12, 2019.