Mr. Francis Richer de La Fleche reports

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

Bombardier Inc. has successfully closed its previously announced offering of $750-million (U.S.) aggregate principal amount of senior notes due 2031. The new notes carry a coupon of 7.250 per cent per annum, mature on July 1, 2031, and were sold at 99.75 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 offer to purchase up to $550-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 of $200-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.

We seek Safe Harbor.