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BRP and its principal shareholder announce bought deal secondary offering
BRP and its principal shareholder announce bought deal secondary offering Canada NewsWire...
About this update from Brp, Inc.
[{"type":"text","content":"\n\n\nBRP and its principal shareholder announce bought deal secondary offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nThe 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+\nVALCOURT, QC, Dec. 17, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOO) (\"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 RBC Capital Markets to complete a secondary offering on a bought deal basis (the \"Offering\"). Under the agreement, RBC Capital Markets has agreed to purchase from Bain 1,850,000 subordinate voting shares of the Company (the \"Subordinate Voting Shares\") at a price to the public of C$100.00 per Subordinate Voting Share.\nIn connection with the Offering, the Company will file a prospectus supplement to its short form base shelf prospectus dated March 26, 2025. The prospectus supplement will be filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (SEC) as part of an effective registration statement on Form F-10 under the U.S./Canada Multijurisdictional Disclosure System.\nBain and its affiliates currently hold 10,453,493 multiple voting shares of the Company (the \"Multiple Voting Shares\") representing approximately 14.2% of the issued and outstanding shares of the Company (the \"Shares\") and approximately 24.3% of the voting power attached to all of the Shares. Following the closing of the Offering, Bain and its affiliates will hold 8,603,493 Multiple Voting Shares, representing approximately 11.7% of the issued and outstanding Shares and approximately 20.7% of the voting power attached to all of the Shares.\nThe net proceeds of the Offering will be paid directly to the Selling Share...