Out of curiosity (their website seems a bit outdated), I emailed Borla to ask if they had an E39 M5 exhaust. Within a few minutes here is the info I got:
WE HAVE IT!
PART# 14942
LIST PRICE IS $1299.
HP GAIN OF 11HP AT THE WHEELS
ROUND STYLE TIPS
19LBS LIGHTER THAN STOCK
Here is a pic of their M3 tips, he said the M5's tips will be very similar.
I'm still waiting to find out if it's cat-back or resonator-back. Given the quality of their other exhaust systems and their famous 1,000,000 mile warranty, I will stongly consider this along with the Tubi and Triflo.
WE HAVE IT!
PART# 14942
LIST PRICE IS $1299.
HP GAIN OF 11HP AT THE WHEELS
ROUND STYLE TIPS
19LBS LIGHTER THAN STOCK
Here is a pic of their M3 tips, he said the M5's tips will be very similar.

I'm still waiting to find out if it's cat-back or resonator-back. Given the quality of their other exhaust systems and their famous 1,000,000 mile warranty, I will stongly consider this along with the Tubi and Triflo.