Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering by Bombardier Inc. of $2 billion aggregate principal amount of 7.875% senior notes due 2027.
Davis Polk is also advising the dealer managers in connection with Bombardier Inc.’s concurrent cash tender offers to purchase any and all of its outstanding 7.750% notes due 2020 and up to $975 million aggregate principal amount of (a) its outstanding 6.125% notes due 2021 and (b) its outstanding 8.750% notes due 2021. The concurrent cash tender offers will be funded with the proceeds of the notes offering.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as underwriters on the deal.
Based in Montreal, Canada, Bombardier Inc. is the world’s leading manufacturer of both planes and trains with a global footprint spanning 75 production and engineering sites in 28 countries and a worldwide network of service centers.
The Davis Polk corporate team included partner Byron B. Rooney (Picture) and associates Roderick G. Miller, Rahim Manji, Virginia J. Clarke and Dmitriy Molchanov. The tax team included partner Michael Farber and associates Omer Harel and Jonathan Saltz. The environmental team included counsel David A. Zilberberg.
Involved fees earner: Virginia Clarke – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Rahim Manji – Davis Polk & Wardwell; Roderick Miller – Davis Polk & Wardwell; Dmitriy Molchanov – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Jonathan Saltz – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;