MISSISSAUGA, Ontario, May 27, 2026 (GLOBE NEWSWIRE) -- 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, ...