Business news : Brunswick Corp. to Offer $150 Million of Senior Notes

Brunswick Corporation announced its intent to offer $150 million aggregate principal amount of senior notes due 2021 in a private offering.

The offer will be made to qualified institutional buyers in accordance with Rule 144A and to persons outside the U.S. pursuant to Regulation S under the Securities Act of 1933, as amended.  The New Notes will be guaranteed by Brunswick`s domestic subsidiaries that guarantee obligations under its ABL facility.

Brunswick intends to use the net proceeds from this offering, together with cash on hand, to fund the redemption of all of Brunswick`s $250 million aggregate principal amount of 11.250% Senior Secured Notes due 2016.

Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood marine parts and accessories; Land `N` Sea, Kellogg Marine, and Diversified Marine parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray, Uttern and Valiant boats; Life Fitness and Hammer Strength fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables and foosball tables.

Source Brunswick Corporation through SportsOneSource

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