Daily News: January 21, 2013

Bombardier Recreational Seeks $1.05B Dividend Loan


Bombardier Recreational Products, a maker of jet skis and outboard motors, is seeking a $1.05 billion term loan to fund a dividend and refinance debt, Bloomberg reported. BRP is owned by Bain Capital.

Bloomberg said that Royal Bank of Canada, Bank of Montreal, UBS AG and Bank of America are arranging the financing, citing a person with knowledge of the transaction.

To read the full Bloomberg article
click here.