Blue Bird Announces Launch of Secondary Public Offering

Blue Bird Corporation (“Blue Bird” or the “Company”) (Nasdaq: BLBD), a leader in electric and low-emission school buses, announced today that affiliates of Coliseum Capital Management LLC and American Securities LLC (the “Selling Stockholders”) intend to offer 5,000,000 shares of Blue Bird’s common stock, par value $0.0001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.

The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.

BofA Securities and Barclays are acting as joint lead book-running managers for the offering and as representatives of the underwriters. Jefferies, BMO Capital Markets and Piper Sandler will also act as joint book-running managers for the proposed offering.

The offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed by Blue Bird with the SEC on December 21, 2021 which became effective January 5, 2022 to which this communication relates. Before you invest, you should read the prospectus in the shelf registration statement and the documents incorporated by reference in that registration statement as well as the prospectus supplement and the documents incorporated by reference therein related to this offering. The offering will be made only by means of the prospectus and the related prospectus supplement. A copy of the prospectus and the related prospectus supplement relating to the offering may be obtained, when available, by visiting the SEC’s website at www.sec.gov. Copies of the prospectus and the related prospectus supplement for the offering may also be obtained, when available, by contacting BofA Securities, Inc., Attn: Prospectus Department, NC1-022-02-25, 201 North Tryon, Charlotte, NC 28255-0001, e-mail: [e-mail], telephone: [phone] or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, e-mail: [e-mail], telephone: [phone].