Bombardier announces closing of its new issuance of Senior Notes due 2024

Bombardier has successfully closed its previously announced offering of US$1,000,000,000 aggregate principal amount of new Senior Notes due December 1, 2024, which carry a coupon of 7.50% per annum and were sold at par (the Notes). Bombardier intends to use the net proceeds of this offering of Notes to finance a previously announced tender offer (the Tender Offer) for all US$600 million aggregate principal amount outstanding of Bombardier’s 4.75% Senior Notes due 2019 (2019 Notes) and the remainder for general corporate purposes. To the extent that less than US$600 million aggregate principal amount of the 2019 Notes are tendered in the Tender Offer, Bombardier intends to redeem all of its remaining outstanding 2019 Notes through a notice of redemption to be delivered promptly, using a portion of the net proceeds of the offering of Notes.