[8-K] BRUNSWICK CORP Reports Material Event

Rhea-AI Filing Summary

Brunswick Corporation (BC) announced debt redemptions. The company will fully redeem its 6.500% Senior Notes due 2048 and partially redeem its 6.375% Senior Notes due 2049 on December 1, 2025. The 2048 Notes redemption covers $185.0 million principal at $25.207639 per $25 principal, equal to 100% of principal plus accrued interest to, but not including, the redemption date. The 2049 Notes partial redemption covers $15.0 million principal at $25.203646 per $25, also equal to 100% of principal plus accrued interest.

After these actions, no 2048 Notes will remain outstanding and $215 million aggregate principal of 2049 Notes will remain outstanding. The aggregate redemption price for all Notes being redeemed is $201.7 million.

Insights

Credit markets analyst

Brunswick retires higher-coupon notes; $201.7M outlay on Dec 1.

Brunswick plans to redeem its 6.500% 2048 Notes in full and a portion of its 6.375% 2049 Notes. The transaction totals an aggregate redemption price of $201.7 million, with settlement on December 1, 2025. Post-transaction, the 2048 series will be fully retired and $215 million of the 2049 series will remain outstanding.

Eliminating the redeemed principal removes future interest at stated coupons of 6.500% and 6.375% on those amounts. Actual balance-sheet impact will reflect the cash used for redemption and any subsequent financing steps, which are not detailed here.

Key details to track in subsequent disclosures include sources of funds, any related refinancing, and updated interest expense baselines following the December 1, 2025 redemptions.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 31, 2025

BRUNSWICK CORPORATION

(Exact Name of Registrant Specified in Charter)

Delaware

001-01043

36-0848180

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

26125 N. Riverwoods Blvd., Suite 500									60045-3420
Mettawa			Illinois
(Address of Principal Executive Offices)									(Zip Code)

Registrant’s telephone number, including area code: (847) 735-4700

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common stock, par value $0.75 per share

BC

New York Stock Exchange

NYSE Texas, Inc.

6.500% Senior Notes due 2048

BC-A

New York Stock Exchange

6.375% Senior Notes due 2049

BC-C

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                                         Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On October 31, 2025, Brunswick Corporation, a Delaware corporation (the “Company”), issued a notice of full redemption to the holders of its 6.500% Senior Notes due 2048 (“2048 Notes”) and a notice of partial redemption to the holders of its 6.375% Senior Notes due 2049 (“2049 Notes”, and together with the 2048 Notes, the “Notes”). All $185.0 million principal amount outstanding of the 2048 Notes will be redeemed on December 1, 2025 at a redemption price equal to $25.207639 per $25.00 principal amount of Note, representing 100 percent of the principal amount plus accrued interest to, but not including, the redemption date. $15.0 million principal amount of the 2049 Notes will be redeemed on December 1, 2025 at a redemption price equal to $25.203646 per $25.00 principal amount of Note, representing 100 percent of the principal amount plus accrued interest to, but not including, the redemption date. Following the redemption, no 2048 Notes will remain outstanding and $215 million aggregate principal amount of 2049 Notes will remain outstanding. The aggregate redemption price for all Notes being redeemed is $201.7 million.

Exhibit No.			Description of Exhibit
104			The cover page from this Current Report on Form 8-K, embedded within and formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			BRUNSWICK CORPORATION
Dated: October 31, 2025			By:			/S/ RANDALL S. ALTMAN
						Randall S. Altman
						Senior Vice President and Controller

FAQ

What did Brunswick Corporation (BC) announce regarding its notes?

Brunswick will fully redeem its 6.500% Senior Notes due 2048 and partially redeem its 6.375% Senior Notes due 2049 on December 1, 2025.

How much of Brunswick’s 2048 Notes are being redeemed and at what price?

All $185.0 million principal of the 2048 Notes will be redeemed at $25.207639 per $25 principal, equal to 100% plus accrued interest.

What portion of Brunswick’s 2049 Notes will be redeemed and at what price?

$15.0 million principal of the 2049 Notes will be redeemed at $25.203646 per $25 principal, equal to 100% plus accrued interest.

How much of the 2049 Notes will remain after the redemption?

After the redemption, $215 million aggregate principal amount of the 2049 Notes will remain outstanding.

What is the total cash outlay for Brunswick’s note redemptions?

The aggregate redemption price for all Notes being redeemed is $201.7 million.

When will Brunswick’s redemptions take effect?

Both redemptions are scheduled for December 1, 2025.