Bombardier Inc. announced today that it has successfully renewed the 364-day portion of its €3.71-billion syndicated European credit facility through syndicated banks. The new maturity date for this tranche is July 6, 2005.
Twenty-four banks extended their facilities, totalling €492 million. The agent bank is HSBC Bank PLC.
"This successful renewal further demonstrates the Corporation’s healthy liquidity position as well as the European banking syndicates’ confidence in our three-year restructuring plan," said François Lemarchand, Bombardier’s Senior Vice President and Treasurer.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
Vice President, Communications
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