secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRUNSWICK CORP (BC)
CIK:        0000014930
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001104659-21-122811
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brunswick completes $1.05B acquisition of Navico, marine electronics leader
---------------------------------------------------------------------------

- Brunswick acquired Navico for $1.05B in cash on Oct 4, 2021.
- Funded via $1B notes offering (0.850% 2024 and 2.400% 2031) plus cash on hand.
- Navico adds Lowrance, Simrad, B&G, C-MAP brands to Brunswick's Advanced Systems Group.
- Navico's trailing 12-month revenue ~$470M; combined P&A run-rate revenue >$2.0B.
- Brunswick expects gross debt-to-EBITDA of ~1.7x; remains committed to investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14930/000110465921122811/0001104659-21-122811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14930/000110465921122811/tm2129033d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-122811

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