secwatch.observer — SEC 8-K summary
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Issuer:     BRUNSWICK CORP (BC)
CIK:        0000014930
Form:       8-K
Filed at:   2021-07-19T23:59:59+00:00
Accession:  0000950157-21-000775
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brunswick amends credit agreement to $500M revolver due 2026 with improved terms
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- Revolving commitments increased to $500M with additional $100M accordion feature.
- Maturity extended to July 16, 2026, with two one-year extension options.
- Applicable interest rate margin top end reduced from 1.90% to 1.70% per annum.
- Net cash offset for leverage ratio calculation raised from $150M to $350M.
- Leverage ratio cap increased to 4.00x for 12 months following a Qualified Acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14930/000095015721000775/0000950157-21-000775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14930/000095015721000775/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-21-000775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer