Bombardier Inc. Completes US$1.8B Bond Financing

Bombardier Inc. completed its issuance and sale of US$1.8-billion aggregate principal amount of its new 4.75 per cent Senior Notes due 2019 and its new 6 per cent Senior Notes due 2022 (the Offering). The syndicate for the Offering was led by BofA Merrill Lynch, as joint book-running manager, and comprised a number of other institutions, as joint book-running managers, senior co-managers and co-managers.

Bombardier intends to use the net proceeds of this issuance (i) to finance the redemption of all of Bombardier's outstanding 7.25 per cent Senior Notes due 2016 pursuant to an optional redemption, (ii) to finance the repayment at maturity of all of Bombardier's remaining outstanding 6.30 per cent Notes due May 1, 2014, (iii) to pay fees and expenses related to the Offering and the related transactions, and (iv) as to the remainder, for general corporate purposes.

Bombardier's in-house team was led by Daniel Desjardins, Senior Vice President, General Counsel and Corporate Secretary, together with Chantal Robitaille, Senior Director, Legal Services and Assistant Secretary, and Corinne Bélair, Senior Legal Counsel.

Norton Rose Fulbright acted as US and Canadian counsel to Bombardier through its offices in New York and Montreal, and provided local advice in Hamburg, Paris, London and Milan. Norton Rose Fulbright's team was led by Paul Raymond, Chris Hilbert and Pete Wiazowski, and included Solomon Sananes, William Stelwagon, Amélie Métivier, Peter Riddell, David Crandall and Marilyne Rougeau; Jules Charette and Antoine Desroches advised on Canadian tax matters, and Michael Flamenbaum advised on US tax matters. Norton Rose Fulbright s international team was composed of Paolo Daviddi (Milano), Klaus von Gierke (Hamburg), Martin McCann (London) and Luc Rentmeesters (Paris).

The joint book-running managers, the senior co-managers, and the co-managers for the Offering were represented by Davis Polk & Wardwell LLP, in respect of US law matters, with a team including Richard Drucker, Christopher Bornhorst, Alice Chen and David He (corporate); Michael Farber and Arie Rubenstein (tax); Hayden Baker and Amy Turner (environment); Jeanine McGuinness and Britt Mosman (OFAC/FCPA advice); and Stikeman Elliott LLP, with respect to Canadian law matters, with a team including Jean Marc Huot, David Tardif and Stéphanie Normandin. Mark Michigan of Greenberg Traurig, LLP acted for Deutsche Bank Trust Company Americas, the global trustee.