Bombardier Announces Closing of 500 Million Euros Revolving Credit Facility
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Bombardier Inc. /
Bombardier Announces Closing of 500 Million Euros Revolving Credit Facility
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MONTREAL, QUEBEC--(Marketwire - March 30, 2012) - Bombardier (TSX: BBD.A)(TSX:
BBD.B) announces today that it has closed an unsecured EUR500 million
(approximately $665 million US) revolving facility with a syndicate of
international financial institutions. The facility is set up for the sole
benefit of Bombardier Transportation.
This new facility is dedicated to supporting the general corporate purposes of
Bombardier Transportation. It meets Bombardier's objectives of taking advantage
of current favourable conditions and increasing its contingent liquidity.
"This transaction was more than 50% oversubscribed, with commitments received
from 15 financial institutions. Bombardier is pleased with this significant
demonstration of bank support for its business plan and contingent liquidity
strategy," said Pierre Alary, Senior Vice President and Chief Financial Officer.
Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, RBC Capital
Markets and UBS Securities LLC have jointly arranged the facilities as Joint
Mandated Lead Arrangers and Bookrunners and Commerzbank Aktiengesellschaft
Filiale Luxemburg has also acted as Facility Agent.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from
commercial aircraft and business jets to rail transportation equipment, systems
and services, Bombardier Inc. is a global corporation headquartered in Canada.
Its revenues for the fiscal year ended December 31, 2011, were $18.3 billion,
and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is
listed as an index component to the Dow Jones Sustainability World and North
America indexes. News and information are available at www.bombardier.com or
follow us on Twitter (at)Bombardier.
Contacts:
Isabelle Rondeau
Director, Communications
+514-861-9481
www.bombardier.com
Shirley Chenier
Senior Director, Investor Relations
+514-861-9481
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Bombardier Inc. via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 30.03.2012 - 17:03 Uhr
Sprache: Deutsch
News-ID 130537
Anzahl Zeichen: 2944
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