Brunswick Corporation announced that it has entered into a new five-year $650 million revolving credit facility agreement, which replaces a $350 million facility that was due to expire in November.
“This increased capacity reflects the significant growth in the company's business over the past several years and our desire to maintain liquidity sources at appropriate levels,” said George W. Buckley, Brunswick chairman and chief executive officer. “Coupled with our strong balance sheet, this facility provides us with the flexibility to continue to invest in our businesses, consider acquisitions and address other general corporate purposes.”
The $650 million credit facility agreement is with a group of financial institutions led by J.P. Morgan Securities Inc. and RBS Securities Corporation.
