BRP AND ITS PRINCIPAL SHAREHOLDER ANNOUNCE BOUGHT DEAL SECONDARY OFFERING

VALCOURT, QC, Jan. 22, 2024 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) ("BRP" or the "Company") announced today that Bain Capital Integral Investors II, L.P. ("Bain" or the "Selling Shareholder"), and the Company have entered into an agreement with RBC Capital Markets to complete a secondary offering on a bought deal basis (the "Offering"). Under the agreement, RBC Capital Markets has agreed to purchase 2,000,000 subordinate voting shares of the Company (the "Subordinate Voting Shares") at a price to the public of C$91.00 per subordinate voting share.