Brunswick announces tender results for 7 3/8%, 7 1/8% notes

Chicago, Aug. 11 – Brunswick Corp. announced the results of its tender offer, which ended Tuesday at 5 p.m. ET, according to a press release.

The company was offering to buy any and all of its $103,071,000 outstanding 7 3/8% debentures due 2023 (Cusip: 117043AE9) and its $163,265,000 outstanding 7 1/8% notes due 2027 (Cusip: 117043AG4).

Noteholders tendered $23.37 million of the 7 3/8% notes, or 22.67% of the amount outstanding and $2,482,000 of the 7 1/8% notes, or 1.52% of the amount outstanding.

The tendered amount for the 7 1/8% notes excludes $65,000 of notes tendered via guaranteed delivery procedures.

As announced on Tuesday, the company is offering to pay $1,138.73 per $1,000 principal amount of notes for the 7 3/8% notes and $1,309.83 per $1,000 principal amount of notes for the 7 1/8% notes.

Pricing was determined at 10 a.m. ET on Aug. 10.

In both offers, interest will be paid to the settlement date.

As previously reported, settlement is planned for Aug. 11 and for Aug. 13 for notes tendered via guaranteed delivery.

After the tender offers, the company may seek to redeem or repay some of its outstanding debt, including other notes.

J.P. Morgan Securities LLC is the dealer manager (866 834-4666, 917 721-9052).

D.F. King & Co., Inc is the information and tender agent for the offer (888 887-0082, 212 269-5550, www.dfking.com/brunswick).

The consumer boating products company is based in Mettawa, Ill.

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