Bombardier Announces Closing of its New Issuance of Senior Notes due 2024

Bombardier Inc. (“Bombardier” or the “Corporation”) today announced that it has successfully closed its previously announced offering of US$1,000,000,000 aggregate principal amount of new Senior Notes due December 1, 2024, which carry a coupon of 7.50% per annum and were sold at par (the “Notes”).

Bombardier intends to use the net proceeds of this offering of Notes to finance a previously announced tender offer (the “Tender Offer”) for all US$600 million aggregate principal amount outstanding of Bombardier’s 4.75% Senior Notes due 2019 (“2019 Notes”) and the remainder for general corporate purposes. To the extent that less than US$600 million aggregate principal amount of the 2019 Notes are tendered in the Tender Offer, Bombardier intends to redeem all of its remaining outstanding 2019 Notes through a notice of redemption to be delivered promptly, using a portion of the net proceeds of the offering of Notes.