Blue Bird Corporation announced that it has entered into a securities purchase agreement with clients of returning investor Coliseum Capital Management, LLC for a private placement of 4,687,500 common shares at a price of $16 per share for gross proceeds of $75,000,000 for a 15% stake in the company, on December 15, 2021. Adam Gray from Coliseum Capital Management, LLC has joined the company’s Board as a Class II director. The securities sold in the Private Placement have not been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements.