On April 3, 2014, Bombardier Inc. (Bombardier) completed its issuance and sale of US$1.8 billion aggregate principal amount of its new 4.75% Senior Notes due 2019 and its new 6.00% 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% 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% 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 United States and Canadian counsel to Bombardier through its offices in New York and Montréal, 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 regarding Canadian tax matters, and Michael P. Flamenbaum advised in respect of U.S. 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).