Key Developments: Bombardier Inc (BBDa.TO)

BBDa.TO on Toronto Stock Exchange

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

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

Bombardier Inc and GE Capital Aviation services sign firm purchase agreement
Wednesday, 31 Dec 2014 08:45am EST 

Bombardier Inc:Says that lessor GE Capital Aviation Services (GECAS) has signed firm purchase agreement for five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft.Based on list price of Q400 NextGen aircraft, firm order is valued at about $160 mln US.Says value could increase to $448 mln US should GECAS exercise all its options.  Full Article

Bombardier Inc secures firm order for 24 Bombardier CRJ900 NextGen Aircraft
Tuesday, 30 Dec 2014 09:59am EST 

Bombardier Inc:Says that Bombardier Commercial Aircraft announced that a customer, who has requested to remain unidentified at this time, has signed a firm order for 24 CRJ900 NextGen regional jets.  Full Article

China's CRRC says no plans to buy Bombardier's rail assets

SHANGHAI, June 29 - Chinese train maker CRRC Corp Ltd said on Monday it had no intention to buy the rail business of Canada's Bombardier Inc, responding to recent local media reports that said it planned to do so.

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