BRP Inc. announced on October 1, 2025, that it successfully amended, extended, and repriced a substantial portion of its term loan facility. The company reduced its long-term debt by US$200 million and extended the maturity of US$265 million of debt from 2027 to 2029 and 2031.
As part of this amendment, BRP prepaid the entirety of the US$465 million Term Loan B-1 due May 2027, utilizing available liquidity. Concurrently, the company repriced its outstanding term loans, reducing the applicable interest rate on the Term Loan B-2 and B-3 tranches by 50 basis points, from Term SOFR plus 2.75% to Term SOFR plus 2.25%.
These actions enhance BRP's financial flexibility to operate and invest in long-term growth, while reinforcing its commitment to robust capital allocation practices. The extended maturities and reduced interest rates are expected to strengthen the company's balance sheet and improve its financial profile.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.