Today, Bombardier Inc. announced that it has received confirmation of the renewal of the 364-day portion of its North American credit facility with a syndicate of banks, for an amount of $730 million, effective Sept. 9, 2003. The new maturity date for this portion is Sept. 6, 2004, and the agent bank is the National Bank of Canada.
“This commitment, which comes a few weeks after the successful renewal of our bank lines in Europe, confirms banks in North America have confidence in Bombardier,” said François Lemarchand, Bombardier’s Vice President and Treasurer.
Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montréal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
Vice President, Public Relations and Communication