Brunswick Corp Increases Tender Offer to $100M

By Bobby Samwell • Friday, November 28 06:03 • Permanent Link

Brunswick Corporation (NYSE: BC) has announced the early results of its tender offer to purchase an aggregate principal amount of its 5.100% senior notes due 2052. The company has increased the maximum aggregate principal amount subject to purchase from up to $50,000,000 to up to a maximum aggregate principal amount of $100,000,000.

As of the early tender deadline on November 25, 2025, the aggregate principal amount of the notes validly tendered and not validly withdrawn in the offer was $111,327,000. The company will use a proration rate of approximately 90.2% for such notes and will accept $100,000,000 aggregate principal amount of such notes for purchase, adjusted for minimum eligible denominations, as permitted by applicable law.

The total consideration for the notes that were validly tendered and not withdrawn at or prior to the early tender deadline and accepted for purchase will be determined at 10:00 a.m., Eastern Time, on November 26, 2025. Holders of notes who validly tendered and did not validly withdraw their notes at or prior to the early tender deadline are eligible to receive the total consideration for the notes accepted for purchase.

The offer will expire at 5:00 p.m., Eastern Time, on December 11, 2025, unless extended by the company or the offer has been earlier terminated. The settlement of all notes accepted for purchase is expected to occur on December 1, 2025, subject to all conditions to the offer having been satisfied or waived, including the tender cap.

Since the offer for the notes was fully subscribed as of the early tender deadline, the company will not accept for purchase any notes validly tendered after the early tender deadline.

Wells Fargo Securities, LLC is serving as the dealer manager for the offer, and D.F. King & Co., Inc. is the depositary and information agent for the offer.

Investors with questions regarding the offer may contact Wells Fargo Securities, LLC at (704) 410-4759 (collect) or (866) 309-6316 (toll-free) or [email protected]. D.F. King & Co., Inc. can be reached at (800) 967-5068 (toll-free) (banks and brokers can call (646) 981-1284).

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the notes. The full details of the offer are included in the offer to purchase, as amended by this press release. Today the company's shares have moved -1.1% to a price of $66.57. For more information, read the company's full 8-K submission here.

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