Bombardier Recreational Products Completes Financing

On June 8, 2009, Québec-based Bombardier Recreational Products Inc. (BRP) and the controlling shareholders of its parent company raised $130 million in order to further strengthen its financial position. These financings included $30 million of reimbursable funds from Investissement Québec (IQ) to support the company's R&D activities, and $100 million raised by BRP's controlling shareholders and their affiliates, including a $50 million loan from the Société générale de financement du Québec (SGF). BRP is a world leader in the design, development, manufacturing, distribution and marketing of motorized recreational vehicles. Its products are distributed in more than 80 countries.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to BRP under the direction of BRP's vice-president, general counsel and secretary Louis Martin Langelier, internal counsel Paule Morisset and Nadia Martel, with a team that included Warren Katz, Etienne Massicotte, Constantine Troulis, Laurie McQueen and Catherine De Laboursodière. Ropes & Gray LLP acted as US counsel to BRP, with a team that included Newcomb Stillwell, Sunil Savkar, Lisa Green Case and Amy Olson.

Fasken Martineau DuMoulin LLP acted for the Caisse de dépôt et placement du Québec, a shareholder in the parent company of BRP, under the direction of in-house counsel Robert Côté, with a team that included Daniel Picotte, Alain Ranger, Catherine Isabelle and Caitlin Rose.

IQ was represented by in-house counsel Liliane Monier and Danièle Leroux. McCarthy Tétrault LLP acted for SGF under the direction of in-house counsel Lilia Pouliot, with a team that included François Amyot, Richard O'Doherty, Serge Tousignant, Louis Beland and Isabel Desmarais.


Etienne Massicotte Laurie McQueen Caitlin Rose Catherine Isabelle Sunil William Savkar Daniel Picotte Warren M. Katz R. Newcomb Stillwell François Amyot Alain Ranger Catherine De Laboursodière Constantine Troulis Serge Tousignant Louis Béland Richard O'Doherty