Bombardier Announces Closing of Public Securitization in
the U.S.
MONTREAL, QUEBEC--AUGUST 28, 2003 - 15:04 ET
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 Francois 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 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). |
