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Article: Brunswick Corporation Announces Pricing of $350 Million of Senior Secured Notes due 2016.
- Article from:
- Investment Weekly News
- Article date:
- August 29, 2009
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Brunswick Corporation (NYSE:BC) announced that it has priced an offering of $350 million aggregate principal amount (increased from $250 million, previously announced) of 11.25 percent senior secured notes due 2016 at an issue price of 97.036 percent. The new notes will be issued in a private offering to qualified institutional buyers in accordance with Rule 144A, and to persons outside the U.S. pursuant to Regulation S under the Securities Act of 1933, as amended. The new notes will be secured by first-priority liens on Brunswick's headquarters and domestic retail bowling centers it owns, and by second-priority liens on substantially all of the assets that secure ...