BRP Inc. has announced that Bain Capital Integral Investors II, L.P. completed a secondary offering of 1,500,000 subordinate voting shares at $90.71 per share, generating gross proceeds of approximately $136.1 million. At the exchange rate prevailing on September 10, 2025 (1 USD ≈ 1.37 CAD), this equates to roughly C$186.4 million. BRP itself will not receive any proceeds, as all shares were sold by Bain as the selling shareholder under an underwriting agreement with BMO Nesbitt Burns Inc. and BMO Capital Markets Corp., who acted as joint underwriters in Canada and the United States.

The Offering was executed pursuant to BRP’s March 26, 2025 short form base shelf prospectus and the September 2025 supplement. Legal counsel was provided by Stikeman Elliott LLP (Canadian counsel for BRP) and Ropes & Gray LLP (U.S. counsel for BRP), while the underwriters were advised by McCarthy Tétrault LLP (Canadian counsel) and Simpson Thacher & Bartlett LLP (U.S. counsel). The firms confirmed minimal beneficial ownership in BRP’s outstanding securities.