Bombardier to redeem $750m of 7.50% senior notes due 2029

The move follows a busy period of balance sheet activity for Bombardier.

Bombardier has issued a conditional notice of redemption for all its outstanding 7.50% senior notes due 2029, covering an aggregate principal amount of $750m, in what marks the latest step in the Canadian manufacturer’s ongoing deleveraging programme.

The redemption is set for May 19th, 2026, at a price of 103.750% of the principal amount, plus accrued and unpaid interest.

Bombardier said the repayment will be funded through proceeds from a new debt offering of at least $500m, with any shortfall covered from cash on its balance sheet.

The redemption is conditional on the new notes offering completing before the May 19th redemption date, though Bombardier retains the right to delay or waive that condition at its discretion.

The move follows a busy period of balance sheet activity for Bombardier. In the first quarter of 2026 alone, the company repaid $750m in senior notes due 2028, and earlier this week announced the early redemption of CAD $150m in Canadian debentures due December 2026. Combined with the latest announcement, Bombardier will have retired or refinanced a substantial portion of its near- and medium-term debt stack within a matter of months.

The 2029 notes were cited by Bart Demosky, chief financial  officer during the company’s Q1 2026 earnings call as a specific target for capital deployment. “We have a bond maturing in 2029 which is callable. That’s a $750m bond. And so, we’re in a position to continue to absolutely retire debt or refinance,” he said at the time.

Deutsche Bank Trust Company Americas has been named as paying agent for the transaction.