10:53 AM EDT, 10/01/2025 (MT Newswires) -- BRP Inc ( DOOO ) , a global player in powersports products, propulsion systems and boats, Wednesday said it amended, extended and repriced a substantial portion of its term loan facility, reducing long-term debt by US$200 million and extending the maturity of $265 million of debt from 2027 to 2029 and 2031.

The company also reduced the average interest rate of its term facility.

As part of the amendment, the company prepaid the entirety of the $465 million Term Loan B-1 due May 2027, using available liquidity, upsized the Term Loan B-2 due December 2029 by $88 million, and upsized the existing Term Loan B-3 due January 2031 by $177 million.

Concurrently, the company also repriced its outstanding term loans, under which 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 2.75% to a rate of Term SOFR plus 2.25%. The other terms and conditions remain "substantially" the same, added the company.

"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 BRP's chief financial officer Sebastien Martel.

The company's shares were last seen up $4.04 to $88.67 on the Toronto Stock Exchange.

Price: 87.99, Change: +3.37, Percent Change: +3.98