Exhibit 99.1
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News Release |
Brunswick Corporation 1 N.
Field Court Lake Forest, IL 60045
Telephone 847.735.4700 Facsimile 847.735.4750
www.brunswick.com
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Release: |
IMMEDIATE |
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Contact: |
Kathryn Chieger |
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Vice President Corporate and Investor Relations |
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Phone: |
(847) 735-4612 |
BRUNSWICK ANNOUNCES $250 MILLION DEBT OFFERING
LAKE FOREST, Ill., July 24, 2006 Brunswick Corporation (NYSE: BC) announced today it has completed the offering of $250 million aggregate principal amount of Floating Rate Notes due 2009 under a shelf registration statement previously filed with the Securities and Exchange Commission. Interest will be paid quarterly commencing on Oct. 24, 2006, and will accrue at the rate of three-month USD LIBOR plus 65 basis points, set at the beginning of the period. The company said it intends to use the net proceeds from the offering to refinance its $250 million principal amount of 63¤4% notes due Dec. 15, 2006.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic controls; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler, Cabo Yachts, Crestliner, HarrisKayot, Hatteras, Laguna, Lowe, Lund, Maxum, Meridian, Örnvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood marine parts and accessories; Land N Sea, Kellogg Marine, Diversified Marine and Benrock parts and accessories distributors; IDS dealer management systems; Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For more information, visit www.brunswick.com
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