Bombardier closes $500-million (U.S.) note offering

Mr. Francis Richer de La Fleche reports BOMBARDIER ANNOUNCES CLOSING OF ITS NEW ISSUANCE OF 5.875% SENIOR NOTES DUE 2035 Bombardier Inc. has closed its previously announced offering of $500-million (U.S.) aggregate principal amount of senior notes due 2035. The new notes carry a coupon of 5.875 per cent per annum, mature on Jan. 15, 2035, and were sold at par. Bombardier intends to use the proceeds of the offering of the new notes, together with cash on hand: (i) to finance the repayment and/or retirement of outstanding indebtedness, including the redemption of all of its outstanding 7.50 per cent senior notes due 2029; and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, prior to giving effect to this redemption, there is $750-million (U.S.) aggregate principal amount outstanding of the 2029 notes. The redemption date for the 2029 notes is May 19, 2026, in accordance with the conditional notice of redemption issued on May 4, 2026. We seek Safe Harbor.