Bombardier decided (08-Mar-2010) to withdraw its proposed institutional private placement of new senior notes, due to the current unfavourable conditions in the debt capital markets. Concurrently, it also today terminated its previously announced cash tender offer for its 6.75% Notes due in 2012, 6.30% Notes due in 2014 and Floating Rate Senior Notes due in 2013. [more]
Bombardier: “Current market conditions are such that the Offering is unattractive and unsatisfactory to Bombardier at this time. As there is no debt maturity before May 2012, the termination of the Tender Offer and the withdrawal of this opportunistic Offering will not affect Bombardier’s ongoing operations”, Pierre Alary, Senior VP and CFO. Source: Bombardier, 08-Mar-2010.