Brunswick starts roadshow for $150 million eight-year notes; pricing expected Friday

By Paul A. Harris

Portland, Ore., May 8 - Brunswick Corp. began a brief roadshow on Wednesday for a $150 million offering of eight-year senior notes (expected ratings Ba3/BB), according to a market source.

The deal is expected to price on Friday.

J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint bookrunners. Morgan Stanley & Co. LLC, RBC Capital Markets and U.S. Bancorp Investments Inc. are the co-managers.

The Rule 144A and Regulation S for life notes become callable in three years at par plus 75% of the coupon.

The Lake Forest, Ill.-based maker of recreation products plans to use the proceeds, along with cash on hand, to redeem its 11¼% senior secured notes due 2016.

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