METTAWA, Ill., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC) today announced the restart of its systematic share repurchase program. The share repurchase program had been suspended earlier this year due to the uncertainty related to the COVID-19 pandemic. Prior to the suspension, the Company had completed roughly one-third of its $100 million target planned for the year. This is in addition to the $400 million of share repurchases the Company completed in 2019.
Today's announcement to resume the Company's share repurchase program is consistent with Brunswick's long-term capital plan outlined at its February Investor Day event in Miami. This comes just weeks after Brunswick announced the repayment of the remaining $85 million balance of its revolving line of credit, resulting in enhanced liquidity and financial flexibility.