Corporate and Financial
Brunswick Announces $250 Million Debt Offering
LAKE FOREST, Ill., July 24 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) announced today it has completed the offering of $250 million
aggregate principal amount of Floating Rate Notes due 2009 under a shelf
registration statement previously filed with the Securities and Exchange
Commission. Interest will be paid quarterly commencing on Oct. 24, 2006, and
will accrue at the rate of three-month USD LIBOR plus 65 basis points, set at
the beginning of the period. The company said it intends to use the net
proceeds from the offering to refinance its $250 million principal amount of
6-3/4% notes due Dec. 15, 2006.
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; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler,
Cabo Yachts, Crestliner, HarrisKayot, Hatteras, Laguna, Lowe, Lund, Maxum,
Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea
Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood
marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine
and Benrock parts and accessories distributors; IDS dealer management systems;
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
CONTACT: Kathryn Chieger, Vice President - Corporate and Investor
Relations, of Brunswick Corporation, +1-847-735-4612
Web site: http://www.brunswick.com
