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BRP Inc T.DOO

Alternate Symbol(s):  DOOO

BRP Inc. is engaged in the design, development, manufacturing, distribution and marketing of powersports vehicles and marine products. The Company’s segments include Powersports and Marine. The Company’s Powersports segment comprises Year-Round Products, which consists of all-terrain vehicles, side-by-side vehicles and three-wheeled vehicles; Seasonal Products, which consists of snowmobiles, personal watercraft and pontoons, and Powersports PA&A and OEM Engines which consists of parts, accessories and apparel (PA&A), engines for karts and recreational aircraft and other services. The Company’s Marine segment consists of boats, pontoons, jet boats and outboard engines and related PA&A and other services. Its portfolio of products includes 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 aircrafts.


TSX:DOO - Post by User

Bullboard Posts
Comment by orepasson Nov 20, 2018 1:34pm
52 Views
Post# 29000748

RE:Someone please explain!!

RE:Someone please explain!!

 

BRP completes $408.9-million (U.S.) secondary offering

 

2018-09-18 13:00 ET - News Release

 

Ms. Catherine Moreau reports

BRP ANNOUNCES CLOSING OF SECONDARY OFFERING

BRP Inc. has closed its previously announced secondary offering of 8.7 million subordinate voting shares sold by certain of its shareholders, including Beaudier Inc. and 4338618 Canada Inc., as well as Bain Capital, at a price to the public of $47 (U.S.) per share, for aggregate gross proceeds to the selling shareholders of $408.9-million (U.S.).

The offering was conducted through a syndicate of underwriters led by BMO Capital Markets, Citigroup, RBC Capital Markets and UBS Investment Bank as joint book-running managers and as representatives of the underwriters. CIBC Capital Markets, Desjardins Securities, Goldman Sachs Canada Inc., Morgan Stanley, National Bank Financial Inc., Wells Fargo Securities, Baird and TD Securities also acted as joint book-running managers.

The net proceeds of the offering will be paid directly to the selling shareholders. The company will not receive any proceeds from the offering.

The underwriters have also been granted a 30-day option following the date hereof to purchase up to 1,305,000 additional subordinate voting shares from certain of the selling shareholders, including the Beaudier Group and Bain.

About BRP Inc.

The company is a global leader in the world of powersports vehicles, propulsion systems and boats built on over 75 years of ingenuity and intensive consumer focus. The company's portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft and Manitou boats, Evinrude and Rotax marine propulsion systems, as well as Rotax engines for karts, motorcycles and recreational aircraft.

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