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Bombardier announces new note offering to fund tender
By Paul A. Harris
St. Louis, Oct. 23 - Bombardier Capital Funding LP and Bombardier Inc. announced in a Monday news release that they plan to issue new notes as part of a debt refinancing plan.
Proceeds will be used to fund the tender for Bombardier Capital Funding's €500 million of 6 1/8% notes due in 2007 and a portion of Bombardier Inc.'s €500 million of 5¾% notes due 2008.
Deutsche Bank Securities is the dealer manager for the tender offer, which is set to expire on Nov. 13.
No further details were disclosed in the news release, and the company did not reply to a request from Prospect News for more information.
Bombardier is a Montreal-based manufacturer of transportation solutions, from regional aircraft and business jets to rail transportation equipment.
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