On May 14, 2002, Bombardier Capital Funding Limited Partnership, a Quebec limited partnership formed by Bombardier Inc.and certain of its affiliates, completed a dual tranche offering of €500 million 6.125 per cent notes due May 14, 2007 and £300 million 6.75 per cent notes due May 14, 2009 (for an aggregate amount equivalent to approximately $1.4 billion), in the eurobond market. These notes are unconditionally guaranteed by Bombardier Capital Inc. and are the first debt instruments of a limited partnership ever listed on the Luxembourg Stock Exchange.
The offering was made through a joint syndicate led by Deutsche Bank AG London and UBS AG (acting through its business group UBS Warburg Ltd.), and included ABN AMRO Bank N.V., Bayerische Landesbank Girozentrale, BNP Paribas, Commerzbank Aktiengesellschaft, Dresdner Bank AG London Branch, HSBC Bank plc and Société Générale Group.
Bombardier Inc.’s internal legal team included Guy Dionne and Claude Alain. Bombardier Capital Inc. and Bombardier Finance Inc.’s in-house legal team included Jean O’Neill and Nicolas Potvin.
Ogilvy Renault’s Montreal and London offices acted as external counsel for the partnership, Bombardier Inc. and Bombardier Capital Inc., assisted by Sidley, Austin Brown & Wood LLP, as U.S. counsel. The Ogilvy Renault Montreal team was led by Paul Raymond, with assistance from Jules Charette, Solomon Sananes, Thierry Dorval and Sébastien Gingras (tax). The Ogilvy Renault London team was led by Peter Noble, with assistance from Susan Mann. The Sidley, Austin Brown & Wood team was led by John Bonacum, III, with assistance from Alexi Poretz and Alexis Gelinas (tax) and Cynthia Cheung in London.
The underwriters were represented by Stikeman Elliott, with a team consisting of Jean Marc Huot and Robert Hogan (tax) and Louis Morisset in London.