other material
confidence high
sentiment neutral
materiality 0.55
Brunswick commences tender offers for $266M of 7.375% 2023 & 7.125% 2027 notes
BRUNSWICK CORP
- Tender offer for any and all of $103M 7.375% debentures due 2023 at 35bps fixed spread over 0.125% UST 07/31/2023.
- Tender offer for any and all of $163M 7.125% notes due 2027 at 85bps fixed spread over 0.625% UST 07/31/2026.
- Expiration date August 10, 2021, settlement expected August 11; guaranteed delivery settlement August 13.
- J.P. Morgan Securities LLC is dealer manager; D.F. King & Co. is depositary and information agent.
- Company may also seek to redeem or repay other outstanding indebtedness after completion.