Performance Sports Group Closes US$126.5M U.S. Initial Public Offering

June 14, 2014

Client: Morgan Stanley

On June 25, 2014, Performance Sports Group Ltd. (“PSG”) (formerly, Bauer Performance Sports Ltd.), a leading developer and manufacturer of high performance sports equipment and apparel, completed an underwritten initial public offering in the United States on the New York Stock Exchange and a new issue in Canada of 8,161,291 common shares at a price to the public of US$15.50 per share, for total gross proceeds of approximately US$126.5 million, including the exercise in full of the over-allotment option.

Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets acted as joint book-running managers for a syndicate of underwriters (the “Underwriters”) in connection with the offering. The common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PSG.”

The Underwriters were represented by Norton Rose Fulbright Canada LLP (as Canadian counsel) by a team that included Pierre R. Dagenais, Denno Chen and Hoori Chitilian (Corporate/Securities) and Adrienne Oliver (Tax).