BRP Inc. announced that Bain Capital and BRP entered an agreement with RBC Capital Markets for a secondary offering of 2,000,000 subordinate voting shares at C$91.00 each. This Offering, tied to a preliminary prospectus supplement under a short form base shelf prospectus dated February 23, 2023, will be filed in Canada and with the U.S. SEC. Bain, holding approximately 20.8% of BRP's shares and 33.0% of the voting power pre-Offering, will see its stake reduce to 18.3% and its voting power to 29.9% post-Offering. The transaction, expected to close around January 26, 2024, will not benefit BRP directly as proceeds go to the Selling Shareholder. The shares involved are listed on the TSX and NASDAQ under "DOO" and "DOOO," respectively. The Offering details will be accessible via SEDAR+ and EDGAR. Additionally, Bain plans a distribution in kind of up to 1,400,000 Multiple Voting Shares to affiliates, under specific lock-up or transfer restrictions. No regulatory authority has endorsed or criticized this press release, which doesn't constitute a public offer or solicitation.