More acquisitions ahead for Brunswick
LAKE FOREST, Ill. - Brunswick Corp. has issued a $150 million debt offering to generate funds to be used for acquisitions, among other things, it said in a statement on Friday.
Brunswick is offering a $150 million aggregate principal amount of 5-percent notes due 2011 under a shelf-registration statement previously filed with the Securities and Exchange Commission.
The boat and engine building giant said it intends to use the net proceeds from the offering for general corporate purposes, including acquisitions and possible debt retirement.
The company's marine assets now include Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic controls; Northstar marine electronics; Navman GPS-based products; IDS dealer management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine, Bermuda, Ornvik, Savage and Uttern pleasure boats; Baja high-performance boats; Arvor, Boston Whaler and Trophy offshore fishing boats; Crestliner, Lowe, Lund and Princecraft aluminum fishing, deck and pontoon boats; Mercury and Quicksilver inflatable boats; Attwood marine parts and accessories; and Land 'N' Sea, a marine parts and accessories distributor.