Bombardier Inc. announced that it has launched an offering of USD 500 million aggregate principal amount of new Senior Notes due 2031. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to finance the offer to purchase up to USD 400 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125% Senior Notes due 2026, of which there is USD 1,001 million aggregate principal amount outstanding on the date hereof, (ii) to fund the redemption of USD 100 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.875% Senior Notes due 2027, of which there is USD 1,733 million aggregate principal amount outstanding on the date hereof, and (iii) for the payment of accrued interest and related fees and expenses. Consummation of the offering of the New Notes, the 2026 Tender Offer and the 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 2026 Tender Offer and the 2027 Notes Redemption are subject to certain conditions, including the completion of the offering of the New Notes prior to April 9, 2024 as it relates to the 2026 Tender Offer, and prior to April 22, 2024 as it relates to the 2027 Notes Redemption.