Bombardier closes the sale of a 30% stake in Bombardier Transportation to CDPQ

Bombardier closed today the previously-announced acquisition by CDPQ of a $1.5 billion convertible share investment in Bombardier Transportation’s newly-created holding company, Bombardier Transportation (Investment) UK LTD (“BT Holdco”), which, following the completion of the previously-announced corporate reorganization, owns all of the assets of Bombardier’s Transportation business segment.

This transaction crystallizes the value of Bombardier Transportation and strengthens Bombardier’s financial position, with no increase in debt. The funds received by BT Holdco from the acquisition will be distributed to Bombardier, which intends to use the proceeds for general corporate purposes.

Furthermore, concurrently with the closing of the acquisition of a 30% stake in BT Holdco and, as previously announced, Bombardier has issued today to CDPQ warrants exercisable for a total number of 105,851,872 Class B shares (subordinate voting) in the capital of Bombardier. The warrants are exercisable for a period of seven years from the date hereof at an exercise price per share equal to $1.66, being the U.S. dollar equivalent of $2.21 Cdn at the date of execution of the subscription agreement.

About Bombardier

Bombardier is the world’s leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2014, we posted revenues of $20.1 billion. News and information are available at  bombardier.com or follow us on Twitter  @Bombardier.

Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

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