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Article: Brunswick Corporation Announces Proposed Private Offering of $250 Million of Senior Secured Notes due 2016 and Cash Tender Offer and Consent Solicitation for its 5% Notes due 2011.
- Article from:
- Investment Weekly News
- Article date:
- August 29, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brunswick Corporation (NYSE:BC) ("Brunswick") announced its intent, subject to market and other conditions, to offer $250 million aggregate principal amount of senior secured notes due 2016 (the "New Notes") 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 "Securities Act"). The New Notes will be secured by first-priority liens on Brunswick's headquarters and owned domestic retail bowling centers and by second-priority liens on substantially all of the assets that secure Brunswick's existing senior secured revolving credit facility ...