Bombardier Closes $350M Securitization

On October 29, 2004, Bombardier Capital Ltd. closed a $350 million securitization arranged by Citibank, NA. The notes issued by a foreign conduit managed by Citibank were backed by a pool of floorplan financing receivables originated in Canada by Bombardier Capital Ltd.

Bombardier Capital was represented by Alain Doré, senior director, legal services, Bombardier Inc., and Nicolas Potvin, director of legal services, Bombardier Capital; and by Ogilvy Renault LLP with a team comprised of Robert Borduas, Alain Ricard, Serge Levy, Sam Billard, Jules Charette and John Leopardi (tax).

Citibank was represented by Blake, Cassels & Graydon LLP with a team comprised of Martin Fingerhut, Mark Selick, Michael Burke, Michelle Schwartzberg and James Papadimitriou (financial services), and Kathleen Penny and Allan Gelkopf (tax).