New Issue: Brunswick prices $400 million 5.85% notes due 2029 at 160 bps spread

Chicago, March 14 – Brunswick Corp. priced $400 million of 5.85% senior notes due 2029 (Baa2/BBB-/BBB) on Thursday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.829 to yield 5.89%, or at Treasuries plus 160 basis points.

The notes are callable with a Treasuries plus 25 bps make-whole premium until Feb. 18, 2029 when they become redeemable at par.

BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the bookrunners.

Proceeds will be used for general corporate purposes, which may include the redemption of the company’s 0.85% senior notes due 2024.

The Mettawa, Ill.-based company produces recreational and lifestyle products.

Issuer:	Brunswick Corp.
Amount:	$400 million
Issue:	Senior notes
Maturity:	March 18, 2029
Bookrunners:	BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Senior co-managers:	Citigroup Global Markets Inc., Citizens JMP Securities, LLC, U.S. Bancorp Investments, Inc. and Truist Securities, Inc.
Co-manager:	BMO Capital Markets Corp.
Trustee:	U.S. Bank Trust Co., NA
Counsel to issuer:	Cravath, Swaine & Moore LLP
Counsel to underwriters:	Simpson Thacher & Bartlett LLP
Coupon:	5.85%
Price:	99.829
Yield:	5.89%
Spread:	Treasuries plus 160 bps
Call features:	Make-whole call at Treasuries plus 25 bps until Feb. 18, 2029; thereafter at par
Change of control:	At 101
Trade date:	March 14
Settlement date:	March 18
Ratings:	Moody’s: Baa2
	S&P: BBB-
	Fitch: BBB
Distribution:	SEC registered
Cusip:	117043AW9

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