Bombardier announces today that it has closed a $600 million Letter of Credit Facility agreement with a syndicate of first quality financial institutions, mainly North American-based.
This facility, which was oversubscribed, is dedicated to supporting Bombardier Aerospace’s operations as well as the general needs of the Corporation, and replaces the facility which was to expire in December 2009. Bombardier successfully attained its objectives of securing availability for the issuance of letters of credit until December 2011.
“Bombardier is pleased with this solid demonstration of bank support for its business plan, especially in this difficult economic environment,” said Pierre Alary, Senior Vice President and Chief Financial Officer, Bombardier Inc.
National Bank Financial Inc., RBC Capital Markets and UBS Securities LLC have jointly arranged the facility as Mandated Lead Arrangers and Joint Bookrunners.
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 Jan. 31, 2009, were $19.7 billion US, 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.
+1 514 861 9481
Senior Director, Investor Relations
+1 514 861 9481