Today, Bombardier Inc. announced the successful closing of $400 million US of two-year public bonds backed by Bombardier Capital’s inventory finance receivables.
Banc One Capital Markets, Inc., J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. underwrote this securitization of dealer floorplan loans.
“This is the first U.S. capital market financing transaction for Bombardier in more than a year,” said François Lemarchand, Vice President and Treasurer of Bombardier. “The success of this transaction gives further evidence to the markets’ confidence in Bombardier and in Bombardier Capital’s inventory finance business.”
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