VALCOURT, QC, Oct. 4, 2023
/PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced today
that it successfully repriced its US$ 496
million Term Loan B-2 tranche due December 2029, effectively reducing the average
interest rate of its term facility.
Pursuant to this repricing, the applicable margin on the Term
Loan B-2 tranche was reduced by 75 basis points, from a rate of
Term SOFR plus 3.50% to a rate of Term SOFR plus 2.75%. The other
terms and conditions remained the same, including the maturity date
of December 13, 2029.
About BRP
BRP Inc. is a global leader in the world of
powersports products, propulsion systems and boats built on over 80
years of ingenuity and intensive consumer focus. Through its
portfolio of industry-leading and distinctive brands featuring
Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons,
Can-Am on and off-road vehicles, Alumacraft and Quintrex boats,
Manitou pontoons and Rotax marine
propulsion systems as well as Rotax engines for karts and
recreational aircraft, BRP unlocks exhilarating adventures and
provides access to experiences across different playgrounds. The
Company completes its lines of products with a dedicated parts,
accessories and apparel portfolio to fully optimize the riding
experience. Committed to growing responsibly, BRP is developing
electric models for its existing product lines and exploring new
low voltage and human assisted product categories. Headquartered in
Quebec, Canada, BRP has annual
sales of CA$10 billion from over 130 countries and a global
workforce of close to 23,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
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SOURCE BRP Inc.