Bombardier has confirmed that the disbursement of the second and last $500 million US installment of the previously announced $1 billion US investment by the Government of Québec in the C Series Aircraft Limited Partnership, has been received on September 1, 2016.
Also, as previously announced and concurrent with the disbursement of the second and last $500 million US installment, Bombardier has issued on September 1, 2016, in the name of Investissement Québec, acting as agent of the Government of Québec, additional warrants exercisable for a total number of 50,000,000 Class B shares (subordinate voting) in the capital of Bombardier. These warrants are exercisable for a period of five years at an exercise price per share equal to $1.72 US, being the U.S. dollar equivalent of $2.21 Cdn at the date of execution of the subscription agreement.
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Bombardier C-Series[/caption]