Key Developments: Bombardier Inc (BBD_pc.TO)

BBD_pc.TO on Toronto Stock Exchange

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29 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Bombardier wins ten-year fleet maintenance contract for UK's Essex Thameside Franchise
Monday, 30 Mar 2015 07:04am EDT 

Bombardier Inc:Signs a contract with National Express Group to provide maintenance for the new Essex Thameside franchise.New franchise was recently awarded to National Express Group by the UK's Department for Transport.Contract is for a ten-year period with the option to extend another 5 years, covers maintenance and spare parts on 74 four-car Class 357 ELECTROSTAR trains and is valued at about 143 mln pounds.  Full Article

DB and Bombardier reach settlement on disputes over various vehicle projects
Friday, 20 Mar 2015 08:05am EDT 

Bombardier Inc:Deutsche Bahn and Bombardier Transportation have agreed on an out-of-court settlement regarding various vehicle projects, where the two companies were able to amicably settle their long-standing legal disputes.The types of trains covered under this settlement include Berlin S-Bahn vehicles, Regional and Commuter trains in Bavaria, North Rhine-Westphalia and Baden-Wurttemberg, as well as the Talent 2.Both sides have agreed not to disclose the details of the settlement.  Full Article

Bombardier Transportation wins orders to supply light rail vehicles to the Cities of Dusseldorf and Cologne
Thursday, 19 Mar 2015 06:21am EDT 

Bombardier Inc:Bombardier Transportation, has signed contracts with both the Dusseldorf (Rheinbahn AG) and Cologne transport authorities (KVB) for the delivery of 62 FLEXITY light rail vehicles in total.Says the contract with KVB is for 20 vehicles and is valued at about 64 million euro (68 million US).Rheinbahn AG's contract for 42 vehicles, with an option for 16 additional vehicles, is valued at about 127 mln euro.  Full Article

Bombardier Inc announces closing of its new issuance of senior notes due 2018 and senior notes due 2025
Friday, 13 Mar 2015 11:03am EDT 

Bombardier Inc:Closes its issuance of $2.25 bln aggregate principal amount of new Senior Notes.Says issuance is comprised of $750 mln aggregate principal amount of Bombardier's Senior Notes due Sept. 15, 2018 which carry a coupon of 5.500% per annum and were sold at par.Also consists of $1.5 bln aggregate principal amount of Bombardier's Senior Notes due March 15, 2025 which carry a coupon of 7.500 pct per annum and were sold at par.Intends to use the proceeds of this offering to finance the redemption of all of Bombardier's outstanding 4.25 pct Senior Notes due January 2016 pursuant to an optional redemption promptly after the Escrowed Funds are released to Bombardier.Also uses to pay fees and expenses related to this offering and related transactions, and, as to the remainder, for general corporate purposes.  Full Article

Bombardier announces pricing of new issuance of senior notes due 2018 and senior notes due 2025
Friday, 27 Feb 2015 05:24pm EST 

Bombardier Inc:Prices its offering of $2.25 bln aggregate principal amount of new Senior Notes.Says issuance is comprised of $750 mln aggregate principal amount of Bombardier's Senior Notes due Sept. 15, 2018 which carry a coupon of 5.500pct per annum and will be sold at par.Says issuance also is comprised of $1.5 bln aggregate principal amount of Bombardier's Senior Notes due March 15, 2025 which carry a coupon of 7.500pct per annum and will be sold at par.Says issuance is expected to close on or about March 13.Intends to use the proceeds of this offering to finance the redemption of all of Bombardier's outstanding 4.25pct Senior Notes due Jan. 2016, to pay fees and expenses related to this offering and related transactions, and, as to the remainder, for general corporate purposes.  Full Article

Bombardier closes C$1.1 bln public offering of equity
Friday, 27 Feb 2015 08:53am EST 

Bombardier Inc:Closes its previously announced public offering (the Offering) of 487,840,350 subscription receipts (the Subscription Receipts), at a price of Cdn$2.21 per Subscription Receipt, for aggregate gross proceeds of about C$1.1 bln.Offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc., UBS Securities Canada Inc., CIBC and Citigroup Global Markets Canada Inc.Subscription receipts are expected to begin trading on Feb. 27, under the ticker symbol TSX-BBD.R.  Full Article

Bombardier announces upsize of previously announced equity financing to C$938 mln (about $750 mln)
Friday, 20 Feb 2015 11:27am EST 

Bombardier:Amends the terms of its previously announced bought deal equity offering to increase the size of the offering from C$750 million to about C$938 million.Under terms of Upsized Offering, syndicate of underwriters, led by National Bank Financial Inc., UBS Securities Canada Inc., CIBC and Citigroup Global Markets Canada Inc. has agreed to purchase on a bought deal basis from Bombardier and sell to the public in Canada 424,209,000 subscription receipts.Says it has also granted the underwriters an option to purchase up to an additional 63,631,350 Subscription Receipts or the underlying Class B Subordinate Voting Shares, as applicable, at any time up to 30 days after closing of the Upsized Offering.Says closing of the Upsized Offering is expected to occur on or about Feb. 27.Says purchase price of C$2.21 per Subscription Receipt will result in gross proceeds of about C$938 million (or about C$1.08 billion if the underwriters' overallotment option is exercised in full.Net proceeds of the Upsized Offering will be used by Bombardier to supplement its working capital and for general corporate purposes.  Full Article

Bombardier Inc declares dividend
Thursday, 12 Feb 2015 06:00am EST 

Bombardier Inc:Declares quarterly dividend of C$0.195875 per share on Series 3 Preferred Shares is payable on April 30 to shareholders of record at close of business on April 17.Declares quarterly dividend of C$0.390625 per share on Series 4 Preferred Shares is payable on April 30 to shareholders of record at close of business on April 17.  Full Article

Bombardier announces American Airlines firm order for 24 CRJ900 nextgen aircraft
Monday, 9 Feb 2015 09:01am EST 

Bombardier Inc:Bombardier Commercial Aircraft announced that American Airlines, Inc., a wholly owned subsidiary of American Airlines Group Inc., has signed a firm order for 24 CRJ900 NextGen regional jets.Says the order was announced on Dec. 30, 2014 and followed American exercising 24 of 40 previously booked CRJ900 NextGen aircraft options.Options were originally acquired as part of American's large regional jet order announced in Dec. 2013.  Full Article

Bombardier announces definitive agreement for sale of its military aviation training activities to CAE Inc
Monday, 26 Jan 2015 11:00am EST 

Bombardier Inc:Announces that it has reached a definitive agreement for the sale of its Military Aviation Training (MAT) activities to CAE Inc.Says the completion of this transaction is subject to the approval of all required governmental and regulatory authorities and other customary closing conditions.Total consideration is C$19.8 mln and the completion of the transaction for the sale of MAT's activities is expected to close by year end.  Full Article

UPDATE 1-Bombardier profit dips, delays new jet

July 30 - Canadian plane and train maker Bombardier Inc posted a 19.4 percent drop in quarterly profit, hurt by weaker sales at its transportation and commercial aircraft unit.

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