Bombardier Renews its Short-Term Bank Facility in North
America
MONTREAL, QUEBEC--AUGUST 25, 2003 - 11:05 ET
Today, Bombardier Inc. announced that it has
received confirmation of the renewal of the 364-day portion of
its North American credit facility with a syndicate of banks, for
an amount of $730 million, effective Sept. 9, 2003. The new
maturity date for this portion is Sept. 6, 2004, and the agent
bank is the National Bank of Canada.
"This commitment, which comes a few weeks after the successful
renewal of our bank lines in Europe, confirms banks in North
America have confidence in Bombardier," said Francois Lemarchand,
Bombardier's Vice President and Treasurer.
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 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). |
