GlobeNewswire Inc | Feb 17, 2021 07:10AM EST

February 17, 2021

MONTRAL, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced that it has initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility (the "Facility") established on August19, 2020. Payout of the Facility, including all accrued interest and associated fees, will be completed on February19,2021.

About Bombardier Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montral, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.

Bombardierisatrademark of Bombardier Inc. and its subsidiaries. All amounts in this press release are in U.S. dollars unless otherwise indicated.

For InformationMark MasluchDirector, Communications and Public AffairsBombardierMark.Masluch@aero.bombardier.com+1-514-855-7167

Patrick GhocheVice President, Corporate Strategy and Investor RelationsBombardier Inc.+1-514 861 5727