Brunswick Corporation : Brunswick Announces Amendment To Revolving Credit Facility

LAKE FOREST, Ill., June 26, 2014 - Brunswick Corporation (NYSE: BC) announced
today that it and a group of financial institutions have amended and restated
the Company's revolving credit facility.  The facility, which will be in effect
through 2019, remains at $300 million and offers Brunswick more favorable terms
in light of its enhanced capital structure and improving market conditions.

The Company believes the new facility provides adequate levels of credit
availability and supplements its current strong cash position.  Additionally,
the facility provides improved terms and conditions that enhance the Company's
overall financial flexibility.

"With this amendment, Brunswick continues to maintain ample liquidity and
financial flexibility with which to move forward," explained Brunswick Senior
Vice President and Chief Financial Officer William L. Metzger.  "Further, we
believe the terms of the facility recognize the significant progress that
Brunswick has made in the past several years as we have successfully emerged
from the effects of the recession. It acknowledges our execution against our
strategic plan, continued improvement of our financial results, and the work we
have done to generate cash, reduce debt and strengthen our capital structure
along with our continuing focus on returning to investment grade status."

As part of this amendment, the facility was converted into a secured cash flow
facility from a secured asset-based facility, with provisions that allow for a
release of collateral when the Company achieves certain credit rating levels.
The facility contains a leverage coverage covenant and an interest coverage
covenant.  There are presently no borrowings under the facility; however, there
are previously issued letters of credit, which total approximately $6 million.
The amendment and restatement of the facility, which remains in place through
June 2019, was led by JP Morgan Securities LLC, Bank of America Merrill Lynch
and Wells Fargo Securities, LLC.

Additional information concerning the revolving credit facility can be found in
the Current Report on Form 8-K filed today by the Company.

Joint venture agreement also modified
In addition to this amended credit facility, Brunswick Financial Services has
also entered into an agreement with GE Capital Solutions (NYSE: GE) to amend the
terms of its joint venture agreement. The amendment is necessitated by the new
financial ratio covenants included in the revolving credit facility, and will
synchronize the leverage coverage covenant between each agreement.  The joint
venture, Brunswick Acceptance Company (BAC), began operations in 2003, with the
terms of the current agreement through 2016.   BAC provides wholesale floor plan
financing for qualifying Brunswick marine dealers.

Forward-Looking Statements
Certain statements in this news release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. Such statements are based on
current expectations, estimates and projections about Brunswick's business.
Forward-looking statements by their nature address matters that are, to
different degrees, uncertain and often contain words such as "may", "could",
"expect", "intend", "plan", "seek", "estimate", "believe", "predict",
"potential" or "continue".  These statements are not guarantees of future
performance and involve certain risks and uncertainties that may cause actual
results to differ materially from expectations as of the date of this news
release.  These risks include, but are not limited to: the effect of adverse
general economic conditions, including the amount of disposable income available
to consumers for discretionary purchases, tight consumer credit markets, and the
level of consumer confidence on the demand for marine, fitness, billiards and
bowling equipment, products and services; the ability of dealers and customers
to secure adequate access to financing and the Company's ability to access
capital and credit markets; the ability to maintain strong relationships with
dealers, distributors and independent boat builders; the ability to maintain
effective distribution and develop alternative distribution channels without
disrupting incumbent distribution partners; the ability to successfully manage
pipeline inventories and respond to any excess supply of repossessed and aged
boats in the market; credit and collections risks, including the potential
obligation to repurchase dealer inventory; the risk of losing a key account or a
critical supplier; the strength and protection of the Company's brands and other
intellectual property; the ability to spread fixed costs while establishing a
smaller manufacturing footprint; the ability to successfully complete
restructuring efforts in accordance with projected timeframes and costs; the
ability to obtain components, parts and raw materials from suppliers in a timely
manner and for a reasonable price; the need to meet pension funding obligations;
the effect of higher energy and logistics costs, interest rates and fuel prices
on the Company's results; competitive pricing pressures, including the impact of
inflation and increased competition from Asian competitors; the ability to
develop new and innovative products in response to changing retail demands and
expectations that are differentiated for the global marketplace at a competitive
price and in compliance with applicable laws; the effect of competition from
other leisure pursuits on the level of participation in boating, fitness,
bowling and billiards activities; the risk of product liability, warranty and
other claims in connection with the manufacture and sale of products; the
ability to respond to and minimize the negative financial impact of legislative
and regulatory developments, including those related to environmental
restrictions, climate change, healthcare costs, taxes and employee benefits; the
ability to maintain market share, particularly in high-margin products;
fluctuations in the Company's stock price due to external factors; the ability
to maintain product quality and service standards expected by customers; the
ability to increase manufacturing operations and meet production targets within
time and budgets allowed; negative currency trends, including shifts in exchange
rates; competition from new technologies; the ability to complete environmental
remediation efforts and resolve claims and litigation at the cost estimated; the
uncertainty and risks of doing business in international locations, including
international political instability, civil unrest and other risks associated
with operations in emerging markets; the risk of having to record an impairment
to the value of goodwill and other assets; the effect that catastrophic events
may have on consumer demand and the ability to manufacture products, including
hurricanes, floods, earthquakes, and environmental spills; the effect of weather
conditions on demand for marine products and retail bowling center revenues; the
risk of losing individuals who are key contributors to the organization; and
risks associated with the Company's information technology systems, including
the continued use of legacy systems and the risk of a failure of or attacks on
the Company's information systems, which could result in data security breaches,
lost or stolen assets or information, and associated remediation costs.

Additional risk factors are included in the Company's Annual Report on Form 10-K
for 2013.  Such forward-looking statements speak only as of the date on which
they are made and Brunswick does not undertake any obligation to update any
forward-looking statements to reflect events or circumstances after the date of
this news release, or for changes made to this document by wire services or
Internet service providers.

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 and Whale marine parts and
accessories; Land 'N' Sea, Kellogg Marine, and Diversified Marine parts and
accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and
Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund,
Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats; Life
Fitness and Hammer Strength fitness equipment; Brunswick bowling centers,
equipment and consumer products; Brunswick billiards tables and table tennis.
For more information, visit

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Contact:         Bruce J. Byots
                     Vice President - Corporate and Investor Relations
Phone:           847-735-4612

Contact:         Daniel Kubera
                     Director - Media Relations and Corporate Communications
Phone:           847-735-4617

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Source: Brunswick Corporation via GlobeNewswire