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Brunswick Corporation Announces Early Results and Increase of Cash Tender Offer of Outstanding 5.100% Senior Notes due 2052

BC
  • Brunswick Corporation increased the maximum aggregate principal amount subject to purchase in its tender offer for 5.100% Senior Notes due 2052 from $50 million to $100 million.
  • As of the Early Tender Deadline on November 25, 2025, $111,327,000 in principal amount of the Notes was validly tendered.
  • Because the total amount tendered exceeded the $100 million Tender Cap, the Company will accept Notes via proration at a rate of approximately 90.2%.
  • Holders who tendered before the Early Tender Deadline are eligible for a Total Consideration that includes a $50.00 per $1,000 Early Tender Premium, plus accrued interest.
  • The Total Consideration is calculated using a fixed spread of 175 basis points over the yield of a 4.750% U.S. Treasury Security due August 15, 2055.
  • No additional Notes will be accepted after the Early Tender Deadline because the Offer was fully subscribed.
  • Settlement for the accepted Notes is expected to occur on December 1, 2025, subject to the satisfaction of all conditions.
  • Wells Fargo Securities, LLC serves as the Dealer Manager, while D.F. King & Co., Inc. acts as the depositary & information agent.
  • The Offer officially expires at 5:00 p.m. Eastern Time on December 11, 2025, unless extended or terminated earlier.
  • Brunswick is a global marine recreation leader headquartered in Mettawa, Illinois, with approximately 15,000 employees across more than 25 countries.