Bombardier Completes Partial Redemption of US$200,000,000 of its 7.875% Senior Notes due 2027

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Bombardier Inc. announced the completion of the partial redemption of US$200 million of its 7.875% Senior Notes due 2027. The redemption was in accordance with the notice issued in March 2024. The redemption price and surrender of the notes are being processed through the Depository Trust Company. The press release emphasizes that this does not constitute an offer to buy or sell securities and highlights the legal restrictions regarding the Redemption Notes in the US and Canada.

MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.

Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.

This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.

The Redemption Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements.

For information

Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +1 514 240 9649

Mark Masluch Senior Director, Communications Bombardier +1 514 855 7167

FAQ

What amount of Senior Notes did Bombardier redeem?

Bombardier redeemed US$200 million principal amount of its 7.875% Senior Notes due 2027.

When was the notice of partial redemption issued by Bombardier?

The notice of partial redemption was issued by Bombardier in March 2024.

Through which company's facilities is the payment of the redemption price and surrender of the Redemption Notes being made?

The payment and surrender are being made through the facilities of the Depository Trust Company.

Are the Redemption Notes mentioned in the press release registered under the United States Securities Act of 1933?

The Redemption Notes mentioned in the press release have not been and will not be registered under the United States Securities Act of 1933.

Can the Redemption Notes be offered and sold in the United States without registration?

The Redemption Notes cannot be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.