Bird Construction Prices $250 Million Private Senior Notes

Overview

• Bird priced a Canadian private placement of senior notes totaling $250 million at a 4.397% coupon that mature in 2031 and expects the offering to close on June 1, 2026.
• Net proceeds are earmarked to repay approximately $204 million under Bird’s non‑revolving term loan with any remaining funds available for general corporate purposes.
• Amendments to Bird’s credit agreement will take effect on closing and raise the committed revolver from $400 million to $500 million while extending its maturity to September 3, 2029.
• The notes are unsubordinated obligations of Bird and are guaranteed on an unsubordinated basis by the company’s subsidiary guarantors that back its credit agreement.
• The notes were sold by private placement only to accredited investors in Canada, are not registered in the United States, and the transactions remain subject to customary closing conditions and execution risks.