secwatch.observer — SEC 8-K summary
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Issuer:     BRUNSWICK CORP (BC)
CIK:        0000014930
Form:       8-K
Filed at:   2021-08-18T23:59:59+00:00
Accession:  0001140361-21-028734
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brunswick issues $1B in 0.85% and 2.4% senior notes to fund Marine Innovations Group acquisition
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- Issued $450M 0.850% Senior Notes due 2024 and $550M 2.400% Senior Notes due 2031 for net proceeds of ~$992.9M.
- Proceeds to fund acquisition of Marine Innovations Group AS; notes subject to special mandatory redemption at 101% if deal fails by Dec 23, 2021.
- Notes are unsecured with covenants restricting liens, sale/leaseback, and mergers; customary events of default.
- Underwriting agreement dated Aug 4, 2021 with J.P. Morgan, BofA Securities, and Wells Fargo as representatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14930/000114036121028734/0001140361-21-028734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14930/000114036121028734/ny20000122x6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-028734

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