Brunswick increases tender cap to $100M for 5.100% 2052 notes; ~90% proration applies

BRUNSWICK CORP

Tender cap raised from $50M to $100M for $300M outstanding 5.100% Senior Notes due 2052.
As of Nov 25 early deadline, $111M in notes tendered; proration rate ~90.2%.
Total Consideration set at $831.59 per $1,000 principal, incl. $50 early tender premium.
Settlement expected Dec 1, 2025; no tenders accepted after early deadline.
Reference yield 4.685% on 4.750% UST due Aug 2055; fixed spread 175 bps.

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