Issuer:
|
Brunswick Corporation
|
Security Type:
|
Senior Unsecured Notes
|
Format:
|
SEC Registered
|
Title:
|
4.400% Notes due 2032 (the “2032 Notes”)
|
Size:
|
$450,000,000
|
Maturity:
|
September 15, 2032
|
Coupon:
|
4.400%
|
Price to Public:
|
99.852% of face amount
|
Benchmark Treasury:
|
1.875% due February 15, 2032
|
Benchmark Treasury Price / Yield:
|
95-21+ / 2.368%
|
Spread to Benchmark Treasury:
|
+205 basis points
|
Yield to Maturity:
|
4.418%
|
Expected Ratings (Moody’s / S&P / Fitch)*:
|
Baa2 / BBB- / BBB
|
Pricing Date:
|
March 22, 2022
|
Interest Payment Dates:
|
March 15 and September 15, commencing September 15, 2022
|
Settlement Date**:
|
T+5; March 29, 2022
|
Optional Redemption:
|
The 2032 Notes will be redeemable at the option of the Issuer, in whole or in part, at any time and from time to time prior to maturity. If the Issuer elects to redeem the 2032 Notes (A)
at any time prior to June 15, 2032, it will pay a redemption price equal to the greater of (i) 100% of the principal amount or (ii) a “make-whole” amount calculated at the applicable treasury rate plus 35 basis points, plus, in each case, any
accrued and unpaid interest to, but not including, the redemption date, and (B) at any time on or after June 15, 2032, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not
including, the redemption date.
|
Day Count:
|
30 / 360
|
CUSIP / ISIN:
|
117043 AU3 / US117043AU39
|
Denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof
|
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC
BofA Securities, Inc.
Wells Fargo Securities, LLC
|
Senior Co-Managers:
|
Truist Securities, Inc.
U.S. Bancorp Investments, Inc. Citizens Capital Markets, Inc. Citigroup Global Markets Inc. |
Co-Managers:
|
BMO Capital Markets Corp.
KBC Securities USA LLC |
Issuer:
|
Brunswick Corporation
|
Security Type:
|
Senior Unsecured Notes
|
Format:
|
SEC Registered
|
Title:
|
5.100% Notes due 2052 (the “2052 Notes”)
|
Size:
|
$300,000,000
|
Maturity:
|
April 1, 2052
|
Coupon:
|
5.100%
|
Price to Public:
|
99.346% of face amount
|
Benchmark Treasury:
|
1.875% due November 15, 2051
|
Benchmark Treasury Price / Yield:
|
85-06+ / 2.593%
|
Spread to Benchmark Treasury:
|
+255 basis points
|
Yield to Maturity:
|
5.143%
|
Expected Ratings (Moody’s / S&P / Fitch)*:
|
Baa2 / BBB- / BBB
|
Pricing Date:
|
March 22, 2022
|
Interest Payment Dates:
|
April 1 and October 1, commencing October 1, 2022
|
Settlement Date**:
|
T+5; March 29, 2022
|
Optional Redemption:
|
The 2052 Notes will be redeemable at the option of the Issuer, in whole or in part, at any time and from time to time prior to maturity. If the Issuer elects to redeem the 2052 Notes (A)
at any time prior to October 1, 2051, it will pay a redemption price equal to the greater of (i) 100% of the principal amount or (ii) a “make-whole” amount calculated at the applicable treasury rate plus 40 basis points, plus, in each case,
any accrued and unpaid interest to, but not including, the redemption date, and (B) at any time on or after October 1, 2051, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not
including, the redemption date.
|
Day Count:
|
30 / 360
|
CUSIP / ISIN:
|
117043 AV1 / US117043AV12
|
Denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof
|
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC
BofA Securities, Inc.
Wells Fargo Securities, LLC
|
Senior Co-Managers:
|
Truist Securities, Inc.
U.S. Bancorp Investments, Inc. Citizens Capital Markets, Inc. Citigroup Global Markets Inc. |
Co-Managers:
|
BMO Capital Markets Corp.
KBC Securities USA LLC |