Brunswick Corporation announced the early results of the tender offer to purchase its 5.100% Senior Notes due 2052.
The maximum aggregate principal amount subject to purchase has been increased to $100,000,000.
The offer will expire on December 11, 2025, unless extended or terminated earlier.
Early Tender Results
Aggregate principal amount tendered at the Early Tender Deadline exceeded the initial Tender Cap.
Total Consideration
The Total Consideration will be determined based on the fixed spread for the Notes and the yield to maturity of the Reference U.S. Treasury Security.
Accrued Interest
Holders of Notes will receive accrued and unpaid interest on their validly tendered Notes.
- Due to the tender offer results exceeding the initial Tender Cap, only a portion of the Notes will be accepted for purchase.
- Holders who tendered their Notes early will receive the Total Consideration which includes an Early Tender Premium.
The increased Tender Cap reflects strong investor interest in Brunswick's Senior Notes, leading to adjustments in the offer amount to accommodate demand.