Bombardier launches new issuance of senior notes due 2029

Bombardier announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2029. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, to fund the redemption of all of its outstanding 7.500% Senior Notes due 2024, of which there is $396 million aggregate principal amount outstanding on the date hereof, to finance the offer to purchase up to $104 million aggregate principal amount of its outstanding 7.50% Senior Notes due 2025 of which there is $1,139 million aggregate principal amount outstanding on the date hereof, and for the payment of related fees and expenses. Consummation of the offering of the New Notes, the redemption of the 2024 Notes and the 2025 Tender Offer 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 redemption of the 2024 Notes and the 2025 Tender Offer are subject to certain conditions, including the completion of the offering of the New Notes prior to February 16, 2023, as it relates to the 2024 Notes Redemption, and prior to February 1, 2023, as it relates to the 2025 Tender Offer.