Brp further strengthens its balance sheet flexibility with an incremental us$500 million term loan

Valcourt, qc , dec. 13, 2022 /prnewswire/ - brp (tsx: doo) (nasdaq: dooo) announced today that it obtained an incremental us$500 million term loan from certain new and existing lenders under its term loan credit agreement, which proceeds allowed the full repayment of the existing us$100 million term loan b-2 due 2024 and are also expected to be used to repay the drawn balance under brp's revolving credit facility, and to pay fees and expenses related to the financing.   "on the heels of the completion of three strategic acquisitions in recent months, we are pleased to have closed this opportunistic transaction which supports our sustained investments in our long-term growth," said sÉbastien martel, chief financial officer at brp.
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