Brunswick amends credit agreement: revolver to $750M, maturity extended to 2027, SOFR transition

BRUNSWICK CORP

Revolving commitments increased to $750 million with an accordion feature permitting up to $100 million in additional commitments.
Maturity date extended to March 31, 2027, with two optional one-year extensions available.
U.S. dollar loans now indexed to term SOFR plus a 10-basis-point credit spread adjustment, replacing LIBOR.
JPMorgan Chase remains administrative agent; BofA Securities and Wells Fargo Securities act as joint lead arrangers.

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