BRP ANNOUNCES THE AMENDMENT, PARTIAL REPAYMENT, EXTENSION AND REPRICING OF ITS TERM LOANS
BRP Inc. (NASDAQ: DOOO) has successfully restructured its term loan facility, implementing significant changes to strengthen its financial position. The company reduced its long-term debt by U.S. $200 million and extended the maturity of U.S. $265 million of debt from 2027 to 2029 and 2031.
The restructuring included prepaying the U.S. $465M Term Loan B-1 due May 2027, upsizing the Term Loan B-2 by U.S. $88 million (due December 2029), and the Term Loan B-3 by U.S. $177 million (due January 2031). Additionally, BRP reduced the interest rate on Term Loan B-2 and B-3 tranches by 50 basis points, from Term SOFR plus 2.75% to Term SOFR plus 2.25%.
BRP Inc. (NASDAQ: DOOO) ha ristrutturato con successo il suo facility di prestito a termine, implementando cambiamenti significativi per rafforzare la sua posizione finanziaria. L'azienda ha ridotto il debito a lungo termine di US$ 200 milioni e ha esteso la scadenza di US$ 265 milioni di debito dall'anno 2027 al 2029 e 2031.
La ristrutturazione ha incluso il prepago del US$ 465M Term Loan B-1 dovuto nel 2027, l'aumento del Term Loan B-2 di US$ 88 milioni (dovuto nel 2029) e del Term Loan B-3 di US$ 177 milioni (dovuto nel 2031). Inoltre, BRP ha ridotto il tasso di interesse sui tranches Term Loan B-2 e B-3 di 50 punti base, da Term SOFR più 2,75% a Term SOFR più 2,25%.
BRP Inc. (NASDAQ: DOOO) ha reestructurado con éxito su facilidad de préstamo a plazo, implementando cambios significativos para fortalecer su posición financiera. La empresa redujo su deuda a largo plazo en US$ 200 millones y extendió el vencimiento de US$ 265 millones de deuda desde 2027 hasta 2029 y 2031.
La reestructuración incluyó el prepago del US$ 465M Term Loan B-1 que vence en mayo de 2027, el aumento del Term Loan B-2 en US$ 88 millones (vence en 2029) y del Term Loan B-3 en US$ 177 millones (vence en 2031). Además, BRP redujo la tasa de interés de las tranch B-2 y B-3 en 50 puntos básicos, de Term SOFR más 2,75% a Term SOFR más 2,25%.
BRP Inc. (나스닥: DOOO)가 만기 대출 시설을 성공적으로 재구조화하여 재무 상태를 강화하기 위한 중대한 변화를 시행했습니다. 회사는 장기 부채를 미화 2억 달러 줄였고 2억 6,500만 달러의 부채 만기를 2027년에서 2029년 및 2031년으로 연장했습니다.
구조조정에는 2027년 5월 만기인 미화 4억 6,500만 달러의 Term Loan B-1의 조기 상환, 만기 2029년인 Term Loan B-2를 8,800만 달러 늘리는 것, 그리고 만기 2031년인 Term Loan B-3를 1억 7,700만 달러 늘리는 것이 포함됩니다. 또한 BRP는 B-2 및 B-3 트랜치의 이자율을 50bp 포인트 낮추어, Term SOFR + 2.25%로 낮췄습니다(이전: Term SOFR + 2.75%).
BRP Inc. (NASDAQ : DOOO) a restructuré avec succès son dispositif de prêt à terme, en apportant des changements significatifs pour renforcer sa position financière. L'entreprise a réduit sa dette à long terme de 200 millions de dollars américains et a prolongé l'échéance de 265 millions de dollars de dettes de 2027 à 2029 et 2031.
La restructuration comprend le prépaiement du Term Loan B-1 de 465 M USD dû en mai 2027, l'augmentation du Term Loan B-2 de 88 millions USD (échéance 2029) et du Term Loan B-3 de 177 millions USD (échéance 2031). De plus, BRP a réduit le taux d'intérêt des tranches B-2 et B-3 de 50 points de base, de Term SOFR plus 2,75% à Term SOFR plus 2,25%.
BRP Inc. (NASDAQ: DOOO) hat erfolgreich sein Term Loan Facility umstrukturiert und dabei bedeutende Änderungen vorgenommen, um die finanzielle Lage zu stärken. Das Unternehmen reduzierte seine langfristigen Schulden um US$ 200 Millionen und verlängerte die Fälligkeit von US$ 265 Millionen an Schulden von 2027 auf 2029 und 2031.
Die Restrukturierung umfasst die Vorfälligkeit des US$ 465 Mio. Term Loan B-1, das 2027 fällig war, die Erhöhung des Term Loan B-2 um US$ 88 Millionen (fällig 2029) und des Term Loan B-3 um US$ 177 Millionen (fällig 2031). Zusätzlich senkte BRP den Zinssatz für die Tranchen B-2 und B-3 um 50 Basispunkte, von Term SOFR plus 2,75% auf Term SOFR plus 2,25%.
BRP Inc. (بورصة ناسداك: DOOO) قامت بنجاح بإعادة هيكلة تسهيل القرض لأجل، مع تنفيذ تغييرات كبيرة لتعزيز وضعها المالي. خفّضت الشركة الدين طويل الأجل بمقدار 200 مليون دولار أمريكي ومددت استحقاق 265 مليون دولار من الدين من 2027 إلى 2029 و2031.
شملت إعادة الهيكلة سداد قرض B-1 لأجل 465 مليون دولار أمريكي المستحق في مايو 2027، وزيادة قرض B-2 لأجل 88 مليون دولار (المستحق في 2029)، وقرض B-3 لأجل 177 مليون دولار (المستحق في 2031). بالإضافة إلى ذلك، خفّضت BRP سعر الفائدة على شرائح B-2 وB-3 بمقدار 50 نقطة أساس من Term SOFR زائد 2.75% إلى Term SOFR زائد 2.25%.
BRP Inc.（纳斯达克股票代码：DOOO） 已成功重组其定贷款设施，实施了显著变革以加强其财务状况。公司将长期债务削减了 2亿美元，并将 2.65亿美元 的债务期限从 2027 年延长至 2029 年和 2031 年。
重组包括提前偿还 4650万美元的 B-1 定贷款，到期日为 2027 年五月，B-2 定贷款增加了 8800万美元（到期 2029 年），B-3 定贷款增加了 1.77 亿美元（到期 2031 年）。此外，BRP 将 B-2 和 B-3 的利率从 Term SOFR 加 2.75% 降至 Term SOFR 加 2.25%，降低了 50 个基点。
- Reduced long-term debt by U.S. $200 million, improving balance sheet strength
- Extended debt maturities from 2027 to 2029/2031, enhancing financial flexibility
- Reduced interest rate by 50 basis points on term loans, lowering borrowing costs
- Maintained exemption from financial covenants on Term Loan B facility
- Increased Term Loan B-2 and B-3 sizes by combined U.S. $265 million
"Proactively addressing our debt maturities continues to be an important strategy to preserve a strong balance sheet. The extended maturities, and the associated repayment of a portion of our long-term debt, further increase our financial flexibility to operate and invest in our long-term growth, while reinforcing our commitment to robust capital allocation practices," said Sébastien Martel, Chief Financial Officer of BRP.
As part of this amendment, the Company prepaid the entirety of the
Pursuant to this repricing, the applicable interest rate on the Term Loan B-2 and B-3 tranches was reduced by 50 basis points, from a rate of Term SOFR plus
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, Quintrex boats 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. Headquartered in
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Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners. |
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SOURCE BRP Inc.
FAQ
How much debt did BRP (NASDAQ: DOOO) reduce in its October 2025 restructuring?
What are the new interest rates for BRP's Term Loan B-2 and B-3?
When are the new maturity dates for BRP's restructured term loans?
How did BRP handle its U.S. $465M Term Loan B-1?
What changes were made to BRP's loan covenants in this restructuring?
