Mr. Francis Richer de La Fleche reports

BOMBARDIER ANNOUNCES CLOSING OF ITS NEW ISSUANCE OF SENIOR NOTES DUE 2030

Bombardier Inc. has closed its previously announced offering of $750-million (U.S.) aggregate principal amount of senior notes due 2030. The new notes carry a coupon of 8.750 per cent per annum, mature on Nov. 15, 2030, and were sold at 100.000 per cent of par.

Bombardier intends to use the proceeds of the offering of the new notes, together with cash on hand: (i) to finance the redemption of all of its outstanding 7.50 per cent senior notes due 2025; (ii) to finance the offers to purchase up to $360-million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125 per cent senior notes due 2026 and 7.875 per cent senior notes due 2027, and/or for the repayment of other indebtedness; and (iii) for the payment of accrued interest and related fees and expenses.

We seek Safe Harbor.