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BRP announces bought deal secondary offering (NASDAQ:DOOO)

by Index Investing News
April 15, 2024
in Markets
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  • BRP Inc (TSX:DOO:CA) 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 1.5M subordinate voting shares of the Company at a price to the public of C$92.90 per subordinate voting share.
  • In connection with the offering, the company will file a preliminary prospectus supplement to its short form base shelf prospectus dated February 23, 2023.
  • Source: Press Release

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