Brunswick Corporation Announces Results of Tender Offer for a Portion of Its Outstanding Senior Notes Due 2013

LAKE FOREST, Ill., Oct. 1 /PRNewswire-FirstCall/ -- Brunswick Corporation (NYSE: BC) announced today the final results of its previously announced modified Dutch auction tender offer for up to $75 million of its outstanding 11.75 percent notes due 2013. As of the expiration, Brunswick had received tenders from holders of bonds totaling approximately $12 million.

Brunswick has accepted and paid for the tendered notes using net proceeds from its recently completed offering of $350 million senior secured notes due 2016. After completion of the recent retirement of $149 million of 2011 notes and $12 million of 2013 notes, there remains approximately $165 million of proceeds from the issuance of the 2016 notes.

The company will continue to evaluate the use of the remaining proceeds, which may include funding intermediate and long-term financial obligations, including additional long-term debt retirements or pension funding, reducing short-term borrowings, or supplementing its liquidity.

This news release is neither an offer to purchase, an offer to sell, nor a solicitation of an offer to purchase or sell any securities. The tender offer was made solely by means of an offer to purchase dated Sept. 2, 2009, and the related letter of transmittal and in only such jurisdictions as is permitted under applicable law.

About Brunswick

Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine and Benrock parts and accessories distributors; Arvor, Bayliner, Bermuda, Boston Whaler, Cabo Yachts, Crestliner, Cypress Cay, Harris, Hatteras, Kayot, Lowe, Lund, Maxum, Meridian, Ornvik, Princecraft, Quicksilver, Rayglass, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Life Fitness and Hammer Strength fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables and foosball tables. For more information, visit http://www.brunswick.com.

SOURCE Brunswick Corporation

Released October 1, 2009