Bombardier announces today that it has signed a 4.3 billion euro Syndicated Letter of Credit Facility agreement on December 18, 2006 with a group of leading international financial institutions. The facility is set up in Europe for the benefit of Bombardier Inc. and all of its subsidiaries. It will replace existing syndicated North American and European facilities.
Bombardier attained its objective of securing availability for an extended term, while at the same time reducing considerably its issuing costs. This is a clear indication of the banks’ support for Bombardier’s business plan.
Calyon, BNP Paribas, Deutsche Bank and J.P. Morgan, who have jointly arranged the facility as mandated lead arrangers and joint book runners, were joined by five banks as mandated lead arrangers and sub-underwriters and 16 additional banks joined in the general syndication.
This closing completes the refinancing plan undertaken during the third quarter of fiscal year 2007, which included tender offers of certain notes and a new issue of senior notes.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.