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Bombardier closes US$1.35 billion syndicated credit facilities

June 22, 2011 Client: Bombardier Inc.

On June 22, 2011, Bombardier closed both a letter of credit and revolver facility agreement totaling US$1.35 billion with a syndicate of first-quality financial institutions, mainly North American-based.

The US$600 million letter of credit and the US$750 million unsecured revolving credit facilities which mature in June 2014 are dedicated to supporting Bombardier Aerospace’s operations as well as the general needs of Bombardier. They replace two financial agreements: the US$600 million letter of credit facility which was to expire in December 2011 and the US$500 million unsecured revolving credit facility scheduled to mature in August 2011. National Bank Financial Inc., Citigroup Global Markets Inc. and RBC Capital Markets jointly arranged the facilities as mandated lead arrangers and joint bookrunners and BNP Paribas and UBS Securities LLC also acted as joint bookrunners.

Norton Rose OR LLP acted as counsel to Bombardier, with a team led by Paul Raymond and including Peter J. Wiazowski (banking and capital markets), Nicholas Cerminaro (capital markets), Jules Charette (tax) and Meghan Stewart (capital markets (articling student)).