Bombardier starts roadshow for $1 billion two-part bullet offering

By Paul A. Harris

St. Louis, Feb. 8 - Bombardier Inc. began a roadshow on Monday for its $1 billion two-part offering of non-callable senior notes (expected ratings Ba2/BB+), according to an informed source.

The roadshow wraps up on Thursday. Pricing is set for the middle to late part of the Feb. 8 week.

The notes come with eight-year and 10-year maturities. Tranche sizes remain to be determined.

JPMorgan, Deutsche Bank Securities and UBS Investment Bank are joint bookrunners for the Rule 144A and Regulation S for life notes.

Proceeds of the offering will be used to fund the company's concurrent tender offers and for general corporate purposes.

Bombardier is a Montreal-based manufacturer of air and rail transportation equipment, systems and services.

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