BRP and its Principal Shareholder Announce Bought Deal Secondary Offering

April 15, 2024

https://www.globenewswire.com/news-release/2024/04/15/2863195/0/en/BRP-and-its-Principal-Shareholder-Announce-Bought-Deal-Secondary-Offering.html

VALCOURT, Quebec, April 15, 2024 (GLOBE NEWSWIRE) — BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“BRP” or the “Company”) announced today that Bain Capital Integral Investors II, L.P. (“Bain” or the “Selling Shareholder”), and the Company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis (the “Offering”). Under the agreement, BMO Capital Markets has agreed to purchase 1,500,000 subordinate voting shares of the Company (the “Subordinate Voting Shares”) at a price to the public of C$92.90 per subordinate voting share.

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