BRP and its Principal Shareholder Announce Bought Deal Secondary Offering [Financial Post (Toronto, Ontario, Canada)]
BRP Inc. - Common Subordinate Voting Shares (DOOO)
Company Research
Source: Financial Post
VALCOURT, Quebec, April 15, 2024 (GLOBE NEWSWIRE) — BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“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 BMO Capital Markets to complete a secondary offering on a bought deal basis (the “Offering”). Under the agreement, BMO Capital Markets has agreed to purchase 1,500,000 subordinate voting shares of the Company (the “Subordinate Voting Shares”) at a price to the public of C$92.90 per subordinate voting share. Article content In connection with the Offering, the Company will file a preliminary prospectus supplement to its short form base shelf prospectus dated February 23, 2023. The preliminary 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 a registration statement on
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News
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- BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE CLOSING OF PREVIOUSLY ANNOUNCED SECONDARY OFFERINGPR Newswire
- BRP announces bought deal secondary offering [Seeking Alpha]Seeking Alpha
DOOO
Sec Filings
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form SUPPL
- DOOO's page on the SEC website