![]() The business sold to Bombardier Recreational Products Inc. In addition, certain floorplan and other financing arrangements have been entered into by the purchaser with Bombardier Capital. Those trademarks include Bombardier*, Challenger* and the sprocket wheel symbol. In connection with the sale, the Corporation and the purchaser have entered into certain other agreements, including a trademark licence agreement under which Bombardier will license to the purchaser certain trademarks which will continue to be owned by Bombardier. As previously announced, the sale was closed for a total consideration of $960 million, $910 million of which was paid in cash and $50 million of which was paid by the issuance of preferred shares from the purchaser’s parent company.Ĭash proceeds initially evaluated at $910 million are impacted by adjustments in the amount of approximately $160 million in favour of the purchaser, to be made at and post closing, for variation in working capital, pension plan funding and other off-balance sheet items. today announced the closing of the sale of its recreational products business to Bombardier Recreational Products Inc., a corporation formed by Bain Capital, members of the Bombardier family and the Caisse de dépôt et placement du Québec.
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