Bombardier Announces Closing of Notes Offering in the
United States
MONTREAL, QUEBEC--APRIL 25, 2002 - 09:42 EDT
Bombardier Inc. announced the closing on April
23, in the United States of a $550 million US 10-year notes
offering, redeemable at the option of the Corporation.
In response to strong demand, Bombardier increased the size of the
offering, initially planned for $500 million US, to $550 million
US. About 85% of the offering was subscribed by U.S.-based
investors and the balance by investors from the United Kingdom,
Europe and Asia.
"The remarkable worldwide response to the offering shows
investors' great confidence in Bombardier," said Francois
Lemarchand, Vice President and Treasurer of Bombardier.
The offering was made through a joint syndicate led by Deutsche
Bank Securities Inc. and UBS Warburg LLC, including Banc of
America Securities LLC, Banc One Capital Markets, Inc., Credit
Suisse First Boston, JPMorgan, Salomon Smith Barney and Wachovia
Securities.
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 Montreal, Canada, the Corporation has a workforce of some
80,000 people in 24 countries throughout the Americas, Europe and
Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002
stood at $21.6 billion Cdn. Bombardier shares are traded on the
Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and
BBDd.F). |
