08:05 AM EDT, 09/04/2025 (MT Newswires) -- Plane maker Bombardier Inc. (BBD-A.TO, BBD-B.TO) launched Thursday an offering of US$250 million aggregate principal amount of senior notes due 2033. A statement noted the additional notes will be a further issuance of, and form a single series with, the existing $500 million aggregate principal amount of its 6.750% Senior Notes due 2033 that were originally issued on May 29, 2025.

Bombardier said it intends to use the proceeds of the offering of the additional notes, together with cash on hand, to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of all of its remaining outstanding 7.125% Senior Notes due 2026, and the redemption of approximately US$84 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027, and also to pay accrued interest and related fees and expenses.

As of this date, it added, there is US$166,289,000 aggregate principal amount outstanding of the 2026 Notes and US$183,142,000 aggregate principal amount outstanding of the 2027 Notes.