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Published on 8/9/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Brunswick repurchases $52.1 million of notes in third quarter so far

By Toni Weeks

San Diego, Aug. 9 - Brunswick Corp. said it repurchased $32.6 million of its 11¼% senior notes due 2016, $17 million of its 11¾% senior notes due 2013 and $2.5 million of its 7 3/8% debentures due 2023 during the third quarter.

According to a 10-Q filing with the Securities and Exchange Commission, the company will realize a loss on early extinguishment of debt of $11.9 million, which will be recorded during the third quarter of 2011.

The company's second quarter ended on July 2.

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


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