Bombardier Announces $150 Million Offering of Preferred
Shares
MONTREAL, QUEBEC--FEBRUARY 19, 2002 - 12:09 EST
Bombardier Inc. has announced that it has
entered into an agreement with a syndicate of underwriters led by
CIBC World Markets Inc. and Scotia Capital Inc., and including
National Bank Financial Inc. and BMO Nesbitt Burns Inc., under
which they have agreed to buy, and sell to the public, 6 million
6.25% Series 4 Cumulative Redeemable Preferred Shares at $25.00
per share to raise gross proceeds of $150 million.
Bombardier has also granted to the underwriters an option,
exercisable in whole or in part at any time prior to closing, to
purchase up to an additional 2 million Series 4 Preferred Shares
at the same offering price. The maximum gross proceeds raised
under the offering will be $200 million should the underwriters'
option be exercised in full. Closing is expected to occur on or
about March 8, 2002.
The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirement of such Act. This release does not constitute an offer
for sale of securities in the U.S. and any public offering of
securities in the U.S. will be made by means of a prospectus.
Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 79,000 people in 24 countries
in the Americas, Europe and Asia-Pacific and its revenues for the
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES
LAW.
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