debt
confidence high
sentiment neutral
materiality 0.50
Brunswick tender offers expire; $23.4M of 2023 debentures and $2.5M of 2027 notes tendered
BRUNSWICK CORP
- $23,370,000 of $103M outstanding 7.375% debentures due 2023 tendered (22.67%), accepted for purchase.
- $2,482,000 of $163M outstanding 7.125% notes due 2027 tendered (1.52%), accepted.
- Total consideration: $1,138.73 per $1,000 for debentures, $1,309.83 per $1,000 for notes.
- Settlement dates: Aug 11 and Aug 13, 2021; accrued interest ceases on Aug 11.
- J.P. Morgan acted as dealer manager; D.F. King as depositary and information agent.