The company signalled last week that it would issue shares as well as raise another US$1.5 billion in new debt and suspend its dividend in an effort to shore up its cash position.
Under the deal, Bombardier will issue nearly 339.4 million subscription receipts at a price of C$2.21 each. The subscription receipts will be exchanged for Bombardier's class B shares once the financing has been approved by a shareholder vote.
Bombardier shares, which were halted ahead of the announcement, closed down seven cents at C$2.45 on the Toronto Stock Exchange.
Bombardier said the certain members of the Bombardier family controlling 58.24 per cent of the votes attached to the company's class A shares and class B shares have agreed to vote in favour of the financing.
Members of the family have also confirmed they will place orders for a total of US$50 million of the shares offered.
The underwriters have been granted an overallotment option for an addition 50.9 million subscription receipts that could push the total raised to C$863 million.
Bombardier posted a loss of $1.59 billion in its latest quarter, including a $1.4-billion charge related to a pause of its Learjet 85 program announced last month.
Bombardier also said last week that the cost of developing its new CSeries jet has soared to US$5.4 billion from US$4.23 billion a year ago following a four-month delay in flight tests because of an engine failure.
The aircraft is scheduled to enter into service by year-end.