Bombardier Inc.
TSX : BBD.A
TSX : BBD.B

Bombardier Inc.

January 17, 2008 10:02 ET

Bombardier Announces Closing of Early Redemption of Notes

MONTREAL, QUEBEC--(Marketwire - Jan. 17, 2008) - Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B) and Bombardier Capital Funding Limited Partnership announced today that they have respectively redeemed all of the outstanding principal under their notes due on February 22, 2008 and notes due on May 14, 2009 in accordance with the Notices of Early Redemption issued on November 30, 2007. Namely, Bombardier Inc. has redeemed the remaining outstanding of 282,236,000 EUR under the 2008 notes at a price of 1,053.20 EUR per denomination of 1,000 EUR. Bombardier Capital Funding Limited Partnership has also redeemed the 300 million pounds sterling outstanding under the 2009 notes at a price of 1,073.01 pounds sterling per denomination of 1,000 pounds sterling. Both prices include accrued and unpaid interest to this date.

"These early redemptions, totaling the equivalent of approximately $1 billion, reflect confidence in our continuing strong liquidity position and our commitment to the ongoing improvement of the Corporation's balance sheet" said Francois Lemarchand, Senior Vice President and Treasurer, Bombardier Inc.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

Contact Information

  • Bombardier Inc.
    Isabelle Rondeau
    Director, Communications
    514-861-9481
    or
    Shirley Chenier
    Senior director, Investor relations
    514-861-9481
    www.bombardier.com