On July 16, 2021 (the Closing Date"), Brunswick Corporation entered into an Amended and Restated Credit Agreement with certain wholly-owned subsidiaries of the company as subsidiary borrowers and lenders as parties, and JPMorgan Chase Bank, N.A. (JPMorgan), as administrative agent. The Revolving Credit Agreement amends and restates the company's existing credit agreement, dated as of March 21, 2011, as amended and restated as of June 26, 2014, as further amended and restated as of June 30, 2016, as further amended as of July 13, 2018, as further amended and restated as of September 26, 2018, and as further amended as of November 12, 2019. The Revolving Credit Agreement increases the revolving commitments to $500,000,000, with the capacity to add up to $100,000,000 of additional revolving commitments, and amends the Prior Credit Agreement in certain respects, including, among other things: Extending the maturity date to July 16, 2026, with up to two one-year extensions available. Modifying the applicable interest rate margin range such that the highest applicable interest rate margin is reduced from 1.90% per annum to 1.70% per annum. Increasing the net cash offset for purposes of determining the leverage ratio from $150,000,000 to $350,000,000. Modifying the leverage ratio maintenance covenant to allow for a 12-month increase of the maximum leverage ratio to 4.00 to 1.00 following the consummation of a Qualified Acquisition (as such term is defined in the Revolving Credit Agreement). Including hardwired" LIBOR transition provisions substantially consistent with those published by the Alternative Reference Rates Committee.