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Prospect News home > News index > List of issuers Tenders > Headlines for 2013 > News item
Published on 5/8/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Brunswick to redeem $250 million 11¼% senior secured notes due 2016

By Marisa Wong

Madison, Wis., May 8 - Brunswick Corp. said it plans to redeem all $250 million of its 11¼% senior secured notes due 2016 using proceeds from an offering of new notes and cash on hand.

The company announced on Wednesday that it planned to offer $150 million of senior notes due 2021 via joint bookrunners J.P. Morgan Securities LLC and BofA Merrill Lynch. The Rule 144A and Regulation S deal is expected to price Friday.

Brunswick is a Lake Forest, Ill.-based maker of recreation products.


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