BRP Inc. (DOOO) announced that Bain Capital Integral Investors II, L.P., and the company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis. Under the agreement, BMO Capital Markets has agreed to purchase from Bain 1.5M subordinate voting shares of the company at a price to the public of C$90.71 per Subordinate Voting Share. The net proceeds of the Offering will be paid directly to the Selling Shareholder. The company will not receive any proceeds from the Offering. The Offering is expected to close on or about September 12, 2025, subject to customary closing conditions.
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