Bombardier Announces Release of Escrowed Funds in Respect of Issuance of US$2.25 Billion Senior Notes

Bombardier today announced the satisfaction of the escrow release condition relating to Bombardier’s previously announced issuance of US$2.25 billion aggregate principal amount of new Senior Notes, which closed under escrow on March 13, 2015. The escrow release condition was satisfied as, earlier today, the net proceeds from Bombardier’s issuance and sale of subscription receipts, which closed on February 27, 2015, have been released to Bombardier. Accordingly, all of the escrowed funds were released to Bombardier earlier today.