Bombardier announces today that it has closed an unsecured €500 million (approximately $665 million US) revolving facility with a syndicate of international financial institutions. The facility is set up for the sole benefit of Bombardier Transportation.
This new facility is dedicated to supporting the general corporate purposes of Bombardier Transportation. It meets Bombardier’s objectives of taking advantage of current favourable conditions and increasing its contingent liquidity.
“This transaction was more than 50% oversubscribed, with commitments received from 15 financial institutions. Bombardier is pleased with this significant demonstration of bank support for its business plan and contingent liquidity strategy,” said Pierre Alary, Senior Vice President and Chief Financial Officer.
Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, RBC Capital Markets and UBS Securities LLC have jointly arranged the facilities as Joint Mandated Lead Arrangers and Bookrunners and Commerzbank Aktiengesellschaft Filiale Luxemburg has also acted as Facility Agent.
A world-leading manufacturer of innovative transportation solutions, from commercial 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 December 31, 2011, were $18.3 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter @Bombardier.
Isabelle Rondeau Shirley Chénier
Director, Communications Senior Director, Investor Relations