BC starts $50M cash tender for 2052 senior notes

Rhea-AI Filing Summary

Brunswick Corporation (BC) announced a cash tender offer to purchase up to $50 million in aggregate principal amount (the “Tender Cap”) of its outstanding 5.100% Senior Notes due 2052, of which $300 million are outstanding. The offer is being made solely under an offer to purchase dated November 12, 2025, which details the terms and conditions.

This action targets partial reduction of a specific long‑dated note series. Final repurchase size will depend on noteholder participation under the stated terms.

Insights

Capital Markets Analyst

BC launches up to $50M note tender for 2052s.

Brunswick is initiating a partial repurchase of its 5.100% Senior Notes due 2052, capped at $50 million against $300 million outstanding. A tender offer lets the company buy back debt for cash, potentially lowering future interest expense if notes are retired.

The actual amount retired depends on holders tendering under the offer to purchase dated November 12, 2025. Pricing, proration, and any prioritization are governed by that document.

Impact will hinge on participation and pricing mechanics disclosed in the offer to purchase. Subsequent filings may provide completion results and the principal amount accepted.

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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): November 12, 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 Mettawa, Illinois		60045-3420
(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 November 12, 2025, Brunswick Corporation (the “Company”) issued a press release announcing that it has commenced a tender offer to purchase for cash an aggregate principal amount of up to $50 million (the “Tender Cap”) of its outstanding $300 million 5.100% Senior Notes due 2052. The tender offer is being made exclusively pursuant to an offer to purchase, dated November 12, 2025, which sets forth the terms and conditions of the tender offer.

The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference.

Item 9.01. Financial Statements and Exhibits.

(d)           Exhibits:

Exhibit No.		Description of Exhibit
99.1		Press release of the Company, issued November 12, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBL document).

SIGNATURES

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

	BRUNSWICK CORPORATION
Dated: November 12, 2025	By:	/s/ Ryan M. Gwillim
		Name:	Ryan M. Gwillim
		Title:	Executive Vice President and Chief
			Financial and Strategy Officer