Brunswick to redeem $201.7M senior notes on December 1
Brunswick Corporation (BC) announced debt redemptions.
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.
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Insights
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.
8-K Event Classification
FAQ
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What did Brunswick Corporation (BC) announce regarding its notes?
How much of Brunswick’s 2048 Notes are being redeemed and at what price?
What portion of Brunswick’s 2049 Notes will be redeemed and at what price?
How much of the 2049 Notes will remain after the redemption?
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AI-generated analysis. How Rhea-AI works. Not financial advice.
