Bombardier Completes US$1.1B Financing

On June 30, 2005, Bombardier Inc. completely replaced its existing North American credit facilities with a new US$1.1 billion two-year unsecured revolving credit facility that will also be available to its European subsidiary, Bombardier Corporate Financial Services Islandi sf, Reykjavik, Zurich Branch. National Bank Financial Inc. and Citigroup Global Markets Inc. acted as co-lead arrangers for the banking syndicate comprised of 17 financial institutions.

Bombardier and its European subsidiary were represented by Daniel Desjardins, senior vice-president and general counsel, and Alain Doré, senior director, legal services, who were supported by a team from the Montreal office of Ogilvy Renault LLP composed of Paul Raymond, Robert Borduas, Alain Ricard and Jules Charette. John Bonacum, Christopher Hilbert and Alexi Poretz of Sidley Austin Brown & Wood LLP, Florian Bommer of Baker & McKenzie in Switzerland and Barneveig Eiríksodóttirg of Taxis in Iceland also acted for the borrowers.

The co-lead arrangers and the banking syndicate were represented by the Montreal office of Fasken Martineau DuMoulin LLP with a team composed of Xeno Martis, Claude Gendron, Angela Onesi, Alain Ranger, Félix Gutierrez and Mélissa Dorsaint. Eric Leicht of White & Case LLP in New York, and Alan Inglis of Clifford Chance LLP in London also acted for the lenders.