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FORT VALLEY, Ga.–(BUSINESS WIRE)–

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Blue Bird Corporation (BLBD) appear today that it is basic a breakable action to acquirement up to $50 actor in accumulated amount of shares of its (i) Accepted Banal at a amount of $28.00 per allotment , and (ii) 7.625% Series A Convertible Cumulative Preferred Stock, at a amount of $241.69 per share, which is according to the accepted banal action amount assorted by 8.6318.

The closing amount of Blue Bird’s accepted banal on the Nasdaq Global Bazaar on September 13, 2018 (the aftermost abounding trading day afore the admission of the breakable offer) was $23.25 per allotment of accepted stock. The breakable action represents a exceptional of 20% to this price, and the action is appointed to expire at 5:00 P.M. (EST) on October 15, 2018, unless the breakable action is extended.

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“We are aflame to advantage afresh our able chargeless banknote breeze bearing to acknowledgment basic to our shareholders through this breakable offer,” said Phil Horlock, President and CEO of Blue Bird. “This action signifies management’s and our Board’s aplomb in our abiding advance affairs and our charge to always acceptable actor value.”

Blue Bird will use up to $50 actor of banknote and borrowings to acquirement shares in the breakable offer. “The breakable action represents an able apparatus to accommodate the Company’s stockholders with the befalling to accept a cogent acknowledgment on some or all of their advance in the Company, if desired,” added Phil Horlock.

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While lender-funding commitments accept been received, the breakable action is codicillary on the cancellation of financing. Additionally, the breakable action is accountable to a cardinal of added agreement and conditions, which are declared in detail in the action to purchase. Specific instructions and a complete account of the agreement and altitude of the breakable action will be absolute in the action to purchase, the letter of assignment and the accompanying materials, which will be mailed to stockholders of almanac anon afterwards admission of the breakable offer.

No Company representative, affiliate of its Board of Directors, the advice abettor or the depositary accomplish any advocacy as to whether any stockholder should participate or burden from accommodating in the breakable offer.

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D.F. King & Co., Inc. will serve as advice abettor for the breakable offer. Stockholders with questions, or who would like to accept added copies of the breakable action abstracts may alarm D.F. King & Co., Inc. at (877) 896-3192 (toll free) or email [email protected]

About Blue Bird Corporation

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Blue Bird Corporation (BLBD) is the arch absolute artist and architect of academy buses, with added than 550,000 buses awash back its accumulation in 1927 and about 180,000 buses in operation today. Blue Bird’s constancy and acceptability in the academy bus industry accept fabricated it an iconic American brand. Blue Bird distinguishes itself from its arch competitors by its atypical focus on the design, engineering, accomplish and auction of academy buses and accompanying parts. As the alone architect of anatomy and anatomy assembly accurately advised for academy bus applications, Blue Bird is accustomed as an industry baton for academy bus innovation, safety, artefact quality/reliability/durability, operating costs and drivability. In addition, Blue Bird is the bazaar baton in another ammunition applications with its propane-powered, electric and aeroemism accustomed gas-powered academy buses. Blue Bird articles academy buses at two accessories in Fort Valley, Georgia. Its Micro Bird collective adventure operates a accomplishment ability in Drummondville, Quebec, Canada. Service and after-market genitalia are broadcast from Blue Bird’s genitalia administration centermost amid in Delaware, Ohio. For added advice on Blue Bird’s complete band of buses, appointment www.blue-bird.com.

Additional Advice Apropos the Breakable Offer

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This columnist absolution is for advisory purposes only. This columnist absolution is not a advocacy to buy or advertise Blue Bird accepted banal or any added securities, and it is neither an action to acquirement nor a address of an action to advertise Blue Bird accepted banal or any added securities. Blue Bird will be filing today a breakable action account on Schedule TO-I, including an action to purchase, letter of assignment and accompanying materials, with the United States Balance and Exchange Commission (the “SEC”). The breakable action will alone be fabricated pursuant to the action to purchase, letter of assignment and accompanying abstracts filed as a allotment of the Schedule TO-I. Stockholders should apprehend anxiously the action to purchase, letter of assignment and accompanying abstracts because they accommodate important information, including the assorted agreement of, and altitude to, the breakable offer. Stockholders will be able to access a chargeless archetype of the breakable action account on Schedule TO-I, the action to purchase, letter of assignment and added abstracts that Blue Bird will be filing with the SEC at the SEC’s website at www.sec.gov or from the broker relations area of Blue Bird’s website at www.blue-bird.com.

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Blue Bird Corporation Added Information

This certificate contains advanced statements about Blue Bird that allege alone as of the advice made. Blue Bird disclaims any obligation to amend these statements except as appropriate by law. Advanced statements in this certificate may include, but are not bound to, statements apropos breakable action pricing, allowances and timing, and consecutive allotment repurchase expectations. Many risks, contingencies and uncertainties could account absolute after-effects to alter materially from Blue Bird’s advanced statements. Among these factors are: the accident that the breakable action will not arise timely, that the breakable action will not be successful, and that Blue Bird’s post-tender action allotment repurchase intentions may change. Added advice apropos these and added factors can be begin in Blue Bird’s filings with the U.S. Balance and Exchange Commission, including the best contempo anniversary address on Form 10-K (including the advice set alternating beneath the explanation “Risk Factors”), anniversary letters on Form 10-Q, and accepted letters on Form 8-K.

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