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BRP ANNOUNCES THE AMENDMENT, PARTIAL REPAYMENT, EXTENSION AND REPRICING OF ITS TERM LOANS
BRP ANNOUNCES THE AMENDMENT, PARTIAL REPAYMENT, EXTENSION AND REPRICING OF ITS TERM LOANS ...
About this update from Brp, Inc.
[{"type":"text","content":"\n\n\n\n BRP ANNOUNCES THE AMENDMENT, PARTIAL REPAYMENT, EXTENSION AND REPRICING OF ITS TERM LOANS\n \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.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VALCOURT, QC\n \n\n ,\n \n\n Oct. 1, 2025\n \n\n /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) announced today that it successfully amended, extended and repriced a substantial portion of its term loan facility, reducing long-term debt by U.S.\n \n $200 million\n \n and extending the maturity of U.S.\n \n $265 million\n \n of debt from 2027 to 2029 and 2031. At the same time, the Company effectively reduced the average interest rate of its term facility.\n \n\n\n\n\n\n\n\n\n \"Proactively addressing our debt maturities continues to be an important strategy to preserve a strong balance sheet. The extended maturities, and the associated repayment of a portion of our long-term debt, further increase our financial flexibility to operate and invest in our long-term growth, while reinforcing our commitment to robust capital allocation practices,\" said Sébastien Martel, Chief Financial Officer of BRP.\n \n\n As part of this amendment, the Company prepaid the entirety of the U.S.\n \n $465M\n \n Term Loan B-1 due\n \n May 2027\n \n , using available liquidity, an effective upsize of U.S.\n \n $88 million\n \n of the Term Loan B-2 due\n \n December 2029\n \n , and an effective upsize of U.S.\n \n $177 million\n \n of the existing Term Loan B-3 due\n \n January 2031\n \n . Concurrently, the Company successfully repriced its outstanding term loans.\n \n\n Pursuant to this repricing, the applicable interest rate on the Term Loan B-2 and B-3 tranches was reduced by 50 basis points, from a rate of Term SOFR...