Bombardier closes CDN 638.4m offering of equity

Bombardier (TSX:BBD.A)(TSX:BBD.B)(TSX:BBD.PR.B)(TSX:BBD.PR.D)(TSX:BBD.PR.C)(OTCQX:BDRBF) has announced that it has closed its previously announced offering of 168,000,000 Class B shares (subordinate voting) at a purchase price of CDN 3.80 per share (the Offering), for aggregate gross proceeds of CDN 638.4 million, the company said.

The Offering was underwritten by a syndicate of underwriters led by Credit Suisse Securities (Canada), Inc., National Bank Financial Inc., UBS Securities Canada Inc. and TD Securities Inc.

With over 69,500 employees across four business segments, Bombardier is a global provider of the transportation industry, creating innovative and game-changing planes and trains. Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services.