Bird Announces Launch of Private Placement of Senior Notes and Expected Amendments to Its Credit Agreement

Press Release

COMPANY: BIRD CONSTRUCTION INC.
LISTING: TORONTO STOCK EXCHANGE
CITY: MISSISSAUGA
SYMBOL: BDT
DATE: May 27, 2026
SUBJECT: BIRD ANNOUNCES LAUNCH OF PRIVATE PLACEMENT OF SENIOR NOTES AND EXPECTED AMENDMENTS TO ITS CREDIT AGREEMENT

Bird Construction Inc. (“Bird” or the “Company”) (TSX: BDT) today announced that it has launched an offering (the “Offering”) of senior notes (the “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 funding 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 “subsidiary guarantors”).

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 September 3, 2028 to September 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

Bird (TSX: BDT) 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. www.bird.ca

For further information contact:

Rachel Pattimore
Vice President, Investor Relations
Phone: (403) 520-2621
investor.relations@bird.ca

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