Bombardier announces launch of new issuance of senior notes

Bombardier has launched an offering of $500 million aggregate principal amount of new Senior Notes due 2032. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of $240 million aggregate principal amount of its outstanding 7.125% Senior Notes due 2026 and the redemption of $300 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027, and to pay accrued interest and related fees and expenses. As of the date hereof, there is $504 million aggregate principal amount outstanding of the 2026 Notes and $1,433 million aggregate principal amount outstanding of the 2027 Notes. Consummation of the offering of the New Notes, the Conditional 2026 Notes Redemption and the Conditional 2027 Notes Redemption are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The Conditional 2026 Notes Redemption and the Conditional 2027 Notes Redemption are expected to be subject to certain conditions, including the completion of the offering of the New Notes.