Bombardier Completes Partial Redemption of US$100,000,000 of its 7.875% Senior Notes due 2027

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Bombardier Inc. has completed the partial redemption of US$100 million of its 7.875% Senior Notes due 2027, showcasing the company's commitment to debt reduction and capital structure improvement.

MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 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 14, 2024.

“Bombardier’s continued focus on prioritizing debt and net leverage reduction has given our company momentum and enhanced flexibility,” said Bart Demosky, Executive Vice President and CFO, Bombardier. “This latest $100 million prepayment, deploying cash generated from operations, further underscores Bombardier’s commitment to improving its capital structure.”

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

Christina Lemyre McCraw Manager, Public Relations and Communications Bombardier +1 514 855 7167

FAQ

What is Bombardier Inc.'s recent announcement regarding its Senior Notes?

Bombardier Inc. has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027.

Who mentioned the commitment to debt reduction and capital structure improvement in the press release?

Bart Demosky, Executive Vice President and CFO of Bombardier Inc., highlighted the company's focus on prioritizing debt reduction and enhancing flexibility.

How is the redemption price being paid for the Redemption Notes?

The redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company.

Are the Redemption Notes 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.

Where can the Redemption Notes be offered and sold?

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