Ms. Rachel Pattimore reports

BIRD ANNOUNCES LAUNCH OF PRIVATE PLACEMENT OF SENIOR NOTES AND EXPECTED AMENDMENTS TO ITS CREDIT AGREEMENT

Bird Construction Inc. has launched an offering of senior notes and entered into an amendment to its existing credit agreement, which will take effect when the offering closes.

Bird intends to use the net proceeds from the offering to repay all of Bird's outstanding debt under its non-revolving term loan facility (approximately $204-million) and to apply any balance for general corporate purposes, which may include repayment of amounts drawn under revolving credit facilities or financing future acquisitions.

The notes will be unsubordinated obligations of Bird and will be guaranteed on an unsubordinated basis by each of Bird's subsidiaries that guarantee Bird's obligations under its credit agreement.

The notes have not been, and will not be, qualified for distribution to the public under the securities laws of any province or territory of Canada. The notes will be offered and sold on a private placement basis exclusively to accredited investors (as defined under applicable Canadian securities laws) that are resident in, or located in, a province of Canada.

When effective, the amendments to Bird's credit agreement will, among other things: (i) increase the amount available to be borrowed under Bird's committed revolving credit facility from $400-million to $500-million; (ii) extend the maturity date from Sept. 3, 2028, to Sept. 3, 2029; and (iii) remove the requirement that Bird and the subsidiary guarantors provide security for their respective obligations under Bird's credit agreement for so long as Bird maintains an investment-grade rating.

About Bird Construction Inc.

Bird is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities and innovative solutions to the industrial, buildings and infrastructure markets. For over 105 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

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