Bombardier to launch $1.15 billion term B, C$250 million revolver Thursday

By Sara Rosenberg

New York, June 12 - Bombardier Recreational Products Inc. is scheduled to hold a conference call on Thursday to launch its proposed $1.15 billion covenant-light term loan B (Ba2) and C$250 million revolver (B1), according to a market source.

Merrill Lynch, RBC Capital, BMO and UBS are the lead banks on the deal.

Proceeds will be used to refinance existing debt and pay a dividend to shareholders.

Bombardier is a Valcourt, Quebec, motorized recreational vehicles company.

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