An anonymous director reports

BRP ANNOUNCES THE REPRICING OF ITS TERM LOAN B-2

BRP Inc. has repriced its $496-million (U.S.) term loan B-2 tranche due December, 2029, effectively reducing the average interest rate of its term facility.

Pursuant to this repricing, the applicable margin on the term loan B-2 tranche was reduced by 75 basis points, from a rate of term secured overnight financing rate plus 3.50 per cent to a rate of term SOFR plus 2.75 per cent. The other terms and conditions remained the same, including the maturity date of Dec. 13, 2029.

About BRP Inc.

BRP is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring 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 carts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines and exploring new low-voltage and human-assisted product categories. Headquartered in Quebec, Canada, BRP has annual sales of $10-billion from over 130 countries and a global work force of close to 23,000 driven, resourceful people.