Bombardier Inc. closed a US$200 million securitization arranged by Citibank, N.A. The notes issued by a Citigroup administered conduit, the securitization vehicle, were backed by a pool of trade receivables originated by Bombardier and certain of its U.S. subsidiaries. The deal closed on January 31, 2003.
Bombardier was represented in-house by Daniel Desjardins, vice-president, legal services, and Guy Dionne; in Canada, by Robert Borduas, Sam Billard and Jules Charette (tax) and Alana Hunt and George Maughan of Ogilvy Renault; and in the U.S., by Christopher Hilbert, John Bonacum, Siegfried Knopf and Alexi Poretz of Sidley Austin Brown & Wood LLP.
Citibank was represented in Canada, by Martin Fingerhut, Mark Selick, Michelle Schwartzberg and Norm Saibil of Blake, Cassels & Graydon LLP, and in the U.S., by Eric Marcus, Roger DuBroff, Brian Alalu and Steven Cohen of Kaye Scholer LLP.