Issuer:
|
Brunswick Corporation
|
Security Type:
|
Senior Unsecured Notes
|
Format:
|
SEC Registered
|
Title:
|
6.375% Notes due 2049 (the “Notes”)
|
Size:
|
$200,000,000 ($230,000,000 assuming the underwriters exercise their option to purchase the additional Notes in full).
|
Maturity:
|
April 15, 2049
|
Coupon:
|
6.375%
|
Price to Public:
|
100.000% of face amount
|
Expected Ratings (Moody’s / S&P / Fitch)*:
|
Baa2 / BBB- / BBB
|
Pricing Date:
|
February 26, 2019
|
Interest Payment Dates:
|
January 15, April 15, July 15 and October 15, commencing on April 15, 2019
|
Settlement Date**:
|
T+4; March 4, 2019
|
Optional Redemption:
|
The Notes will be redeemable at the option of the Issuer, in whole or in part, at any time on or after April 15, 2024, at a redemption price equal to
100% of their principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.
|
Day Count:
|
30 / 360
|
Net Proceeds to Issuer (before expenses; assumes no exercise of underwriters’ option):
|
$193,700,000 ($222,755,000 assuming the underwriters exercise their option to purchase the additional Notes in full).
|
CUSIP / ISIN:
|
117043 604 / US1170436042
|
Denominations:
|
$25.00 and integral multiples of $25.00 in excess thereof
|
Listing:
|
The Issuer intends to file an application to list the Notes on The New York Stock Exchange.
|
Joint Book-Running Managers:
|
Morgan Stanley & Co. LLC
|
|
Merrill Lynch, Pierce, Fenner & Smith
|
|
Incorporated
|
|
Wells Fargo Securities, LLC
|
Joint Lead Manager:
|
J.P. Morgan Securities LLC
|
Co-Managers:
|
Citizens Capital Markets, Inc.
|
|
SunTrust Robinson Humphrey, Inc.
|
|
U.S. Bancorp Investments, Inc.
|
|
BMO Capital Markets Corp.
|
|
KBC Securities USA LLC
|
*
|
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any
time.
|
**
|
It is expected that delivery of the Notes will be made against payment therefor on or about March 4, 2019, which will be the fourth business day
following the date hereof (this settlement cycle being referred to as “T+4”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary
market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on any day prior to two business days before delivery will be
required to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.
|