A big company called Bombardier wants to pay back some money it borrowed from people who bought their special papers called notes. They promise to do that if they can borrow even more money, at least $750 million, by June 20, 2024. But they can decide not to do that if they want. If they follow through with this plan, they will give the money back on June 20, 2024, and people who have these notes can exchange them for cash. This is all written in a document called a press release, which tells people about it but doesn't let them buy or sell any of these special papers yet. These special papers are not allowed to be sold everywhere, only in some places where the laws allow it. Read from source...
1. The title of the article is misleading and does not reflect the content accurately. It suggests that Bombardier has already completed a new offering of debt securities and is redeeming part of its senior notes, when in reality it is conditional on completing the new offering before June 20, 2024. A more appropriate title would be "Bombardier Announces Conditional Plan to Redeem Part of Its Senior Notes Subject to Completion of New Debt Offering".