Brunswick to refinance some bank loans with proceeds from new notes

By Susanna Moon

Chicago, Feb. 26 – Brunswick Corp. said it plans to refinance some of the bank loans used for its 2018 acquisition of Power Products - Global Marine & Mobile business.

Brunswick plans to refinance the loans using proceeds of its $200 million principal amount of 6.375% senior notes due 2049 with a $30 million greenshoe, according to a company announcement.

Proceeds will also be used for general corporate purposes.

Brunswick is a Mettawa, Ill.-based producer of recreational and lifestyle products.

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