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## NOTE 11. SHORT-TERM BORROWINGS (CONT ’ D) 

On September 9, 2003, the Corporation renewed the 364-day portion of its North American credit facility for an amount of $730 million (previously $750 million). 

On July 9, 2003, the Corporation renewed the 364-day portion of its European credit facility for an amount of € 560 million (previously € 600 million). 

Remaining bilateral facilities resulting from the Adtranz acquisition amounted to $380 million as at January 31, 2004 ($505 million as at January 31, 2003). 

In addition to the outstanding letters of credit shown in the above tables, Bombardier had $406 million of outstanding letters of credit as at January 31, 2004 ($900 million as at January 31, 2003). 

In October 2002, Bombardier repaid, at maturity, $802 million (¥20 billion, € 200 million and $250 million) of floating-rate notes issued in August 2001. 

On July 10, 2002, the Corporation entered into a new € 3,750-million credit facility to refinance its existing € 1,700-million European credit facility and various bilateral facilities resulting from the Adtranz acquisition. This credit facility had a committed 364-day portion of € 600 million and a committed five-year portion of € 3,150 million. 

## BC 

BC’s credit facilities and borrowings and their rates and maturities were as follows as at January 31: 

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$^{(1)}$The foreign currency component of the amounts drawn was $473 million US for the revolving lines; $50 million US and various Western European currencies for an equivalent Canadian dollar amount of $63 million for the bank loans; and $777 million US for the securitized floorplan. 

During the year ended January 31, 2004, BC did not renew two 364-day revolving facilities of $470 million and $400 million US, which matured in September 2003, in accordance with BC’s expected future requirements. 

