Mr. Sebastien Martel reports

BRP ANNOUNCES AMENDMENT AND EXTENSION OF ITS TERM FACILITY

BRP Inc. has successfully amended and extended a substantial portion of its term loan facility, effectively extending $1-billion (U.S.) of debt maturities from 2027 to 2031.

"Pro-actively addressing our debt maturities is an important strategy behind our commitment to preserve a strong balance sheet, and further increases our flexibility to operate and invest for the long-term growth of the Company," said Sebastien Martel, Chief Financial Officer of BRP.

As part of this leverage-neutral amendment, the Company issued a new U.S. $1,000 million Term Loan B-3 from certain new and existing lenders, bearing interest at a rate of 275 basis points over Term SOFR with a Term SOFR floor of 0.0% and maturing in January 2031. The proceeds from this incremental Term Loan B-3 were used to repay a portion of the original Term Loan B-1 due May 2027. The amount outstanding under the Term Loan B-1 decreases from U.S. $1,466 million to U.S. $466 million, with all other terms unchanged including the applicable interest of 200 basis points over Term SOFR with a Term SOFR floor of 0.0%. The other Term Loan B-2 due 2029 remains unchanged and all loans outstanding under the Term Loan B facility remain exempt of financial covenants.

About BRP

BRP Inc. 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 karts 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 CA$10 billion from over 130 countries and a global workforce of close to 23,000 driven, resourceful people. www.brp.com

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