UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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ITEM 2.01. | COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS. |
As previously disclosed in the Current Report on Form 8-K filed by Brunswick Corporation, a Delaware corporation (the “Company”) with the Securities and Exchange Commission on June 25, 2021 (the “June 25 Current Report”), the Company entered into a Share Purchase Agreement (the “Purchase Agreement”) with Altor Group AB, West Street Capital Partners VII Investments, L.P., West Street Capital Partners VII Offshore Investments, L.P., West Street Capital Partners VII – Parallel, SLP, Nanna MFN AS and Nanna MFN II AS, to acquire all of the issued and outstanding shares of Marine Innovations Group AS, a provider of marine electronics and sensors (“Marine” and the acquisition thereof, the “Acquisition”). On October 4, 2021, the Company completed the Acquisition.
The purchase price paid by the Company was approximately $1.05 billion in cash, subject to certain adjustments as described in the June 25 Current Report. The Company obtained the funds necessary to fund the Acquisition through (i) proceeds from the offering of senior unsecured notes, consisting of $450 million aggregate principal amount of 0.850% senior notes due 2024 and $550 million aggregate principal amount of 2.400% senior notes due 2031, on the terms and conditions previously disclosed in the final prospectus supplement, dated August 4, 2021 filed by the Company with the Securities and Exchange Commission pursuant to Rule 424(b)(5) and (ii) cash on hand.
The foregoing description of the Acquisition is not complete and is qualified in its entirety by reference to the Purchase Agreement, which is filed as Exhibit 2.1 to the June 25 Current Report and is incorporated herein by reference.
ITEM 8.01. | OTHER EVENTS. |
On October 4, 2021, the Company issued a press release (the “Press Release”) announcing the completion of the Acquisition.
A copy of the Press Release is furnished as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS. |
(d) | The following exhibits are filed as a part of this report: |
SIGNATURES
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 | ||
Date: October 5, 2021 | By: | /s/ Christopher F. Dekker |
Name: Christopher F. Dekker | ||
Title: Executive Vice President, General Counsel, Secretary and Chief Compliance Officer |