debt
confidence high
sentiment neutral
materiality 0.55
Brunswick issues $750M of senior notes in two tranches for general corporate purposes
BRUNSWICK CORP
- Issued $450M 4.400% Senior Notes due 2032 and $300M 5.100% Senior Notes due 2052.
- Net proceeds of ~$741.8M after underwriting commissions; proceeds for general corporate purposes.
- Interest payable semiannually; 2032 notes mature Sept 15, 2032; 2052 notes mature Apr 1, 2052.
- Notes subject to make-whole redemption provisions and change-of-control repurchase at 101%.
- Underwriting agreement with J.P. Morgan, BofA Securities, and Wells Fargo dated March 22, 2022.