Corporate and Financial
Brunswick Secures $650 Million Revolving Credit Facility
LAKE FOREST, Ill., May 6, 2005 /PRNewswire-FirstCall via COMTEX/ -- Brunswick Corporation
(NYSE: BC) today announced that it has entered into a new five-year
$650 million revolving credit facility agreement, which replaces a
$350 million facility that was due to expire in November.
"This increased capacity reflects the significant growth in the company's
business over the past several years and our desire to maintain liquidity
sources at appropriate levels," said George W. Buckley, Brunswick chairman and
chief executive officer. "Coupled with our strong balance sheet, this
facility provides us with the flexibility to continue to invest in our
businesses, consider acquisitions and address other general corporate
purposes."
The $650 million credit facility agreement is with a group of financial
institutions led by J.P. Morgan Securities Inc. and RBS Securities
Corporation.
About Brunswick
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; Teignbridge propellers; MotoTron
electronic controls; Northstar marine electronics; Navman marine and GPS-based
products; IDS dealer management systems; Sea Ray, Bayliner, Maxum, Hatteras,
Meridian, Sealine, Bermuda, Ornvik, Quicksilver, Savage and Uttern pleasure
boats; Baja high-performance boats; Albemarle, Arvor, Boston Whaler, Palmetto,
Sea Boss, Sea Pro and Trophy offshore fishing boats; Crestliner, Lowe, Lund
and Princecraft aluminum fishing, deck and pontoon boats; Attwood marine parts
and accessories; Land 'N' Sea marine parts and accessories distributor; Life
Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling
centers, equipment and consumer products; Brunswick billiards tables; and
Valley-Dynamo pool, Air Hockey and foosball tables. For more information,
visit http://www.brunswick.com .
SOURCE Brunswick Corporation
Dan Kubera, Director - Public and Financial Relations of Brunswick Corporation,
1-847-735-4617
http://www.prnewswire.com
