Mr. Francis Richer de La Fleche reports

BOMBARDIER ANNOUNCES LAUNCH OF ITS NEW ISSUANCE OF SENIOR NOTES DUE 2031

Bombardier Inc. has launched an offering of $500-million (U.S.) 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 (the 2026 tender offer) up to $400-million (U.S.) aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125 per cent senior notes due 2026, of which there is $1,001-million (U.S.) aggregate principal amount outstanding on the date hereof, (ii) to finance the redemption (the 2027 notes redemption) of $100-million (U.S.) aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.875 per cent senior notes due 2027, of which there is $1,733-million (U.S.) 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.

We seek Safe Harbor.