Bombardier Receives Final Installment from the Government of Quebec Investment in the C Series Program
MONTREAL, QUEBEC--(Marketwired - Sep 2, 2016) - Bombardier today confirmed that the disbursement of the second and last $500 million US installment of the previously announced $1 billion US investment by the Government of Québec in the C Series Aircraft Limited Partnership, has been received on September 1, 2016.
Also, as previously announced and concurrent with the disbursement of the second and last $500 million US installment, Bombardier has issued on September 1, 2016, in the name of Investissement Québec, acting as agent of the Government of Québec, additional warrants exercisable for a total number of 50,000,000 Class B shares (subordinate voting) in the capital of Bombardier. These warrants are exercisable for a period of five years at an exercise price per share equal to $1.72 US, being the U.S. dollar equivalent of $2.21 Cdn at the date of execution of the subscription agreement.
Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier .
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