March 5 (Reuters) - Bombardier Inc BBDb.TO will sellequity to strengthen its balance sheet as part of a five-yearturnaround plan, the Canadian plane-and-train maker said onMonday.
The company will sell 168 million Class B shares at C$3.80per share to raise C$638.4 million ($492.3 million) in grossproceeds. The price represents a discount of 4 percent to thestock's Monday closing price on the Toronto Stock Exchange. which considered bankruptcy in 2015, announced aturnaround plan focused on improving profit margins and sheddingbillions of dollars in debt.
Credit Suisse (SIX:CSGN), National Bank Financial, UBS and TDSecurities are the underwriters for the stock offering.
($1 = 1.2968 Canadian dollars)