Bombardier cash tender offer
The company purchased certain debt securities
Davis Polk advised the dealer managers in connection with Bombardier Inc.’s cash tender offer to purchase up to $550 million aggregate principal amount of its outstanding 7.125% senior notes due 2026.
Bombardier designs, develops, manufactures and markets the Global and Challenger families of business jets and adapts various aircraft platforms for specialized use such as surveillance and reconnaissance, medical evacuations and dignitary transport. Headquartered in Montréal, Québec, Canada, Bombardier is present in more than 14 countries including its production/engineering sites and its customer support network. It supports a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.
The Davis Polk corporate team included partner Byron B. Rooney, counsel Michael Stromquist and associates Tomisin Ogunsanya and Andrew Masaru Orita. Senior counsel Michael Farber and associates Justin Corvino and Michelle Zhao provided tax advice. The environmental team included counsel David A. Zilberberg and associate Timothy J. Sullivan. All members of the Davis Polk team are based in the New York office.