Bombardier unveils €1.8 billion equivalent three-part deal with euro floaters, euro and dollar fixed-rate notes

By Paul A. Harris

St. Louis, Oct. 27 - Bombardier Capital Funding LP and Bombardier Inc. will begin a U.S. roadshow on Monday for a €1.8 billion equivalent three-part notes offering (Ba2/BB), according to an informed source.

The deal, which is being led by joint bookrunners Deutsche Bank Securities, JP Morgan and BNP Paribas, will also roadshow in Europe beginning on Nov. 6.

The tranches include euro-denominated seven-year senior floating-rate notes, non-callable for two years, dollar-denominated eight-year fixed-rate senior notes, non-callable for four years, and euro-denominated 10-year fixed-rate senior notes, non-callable for five years.

Proceeds will be used to fund the tender for Bombardier Capital Funding's €500 million of 6 1/8% notes due 2007 and a portion of Bombardier Inc.'s €500 million of 5¾% notes due 2008.

Bombardier is a Montreal-based aerospace and rail transportation equipment, and financial services company.

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