BRP and Its Principal Shareholder Announce Bought Deal Secondary OfferingThe short form base shelf prospectus and preliminary prospectus supplement are, and the final prospectus supplement relating to the secondary offering will be within two business days, accessible through SEDAR+
BRP and its Principal Shareholder Announce Bought Deal Secondary OfferingVALCOURT, 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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