Fortune Brands Announces Tender Offers Using up to $1 Billion of Golf Sale Proceeds to Repurchase Outstanding Public Debt

In connection with its proposed plan to separate its businesses, Fortune Brands, Inc. FO today announced the details of its initiative to reduce debt and further strengthen the capital structures of its Beam and Home & Security businesses. The tender offers for outstanding notes, detailed below, will use up to $1 billion of the anticipated net proceeds from the sale of the company's Acushnet Company golf business, which is expected to close in the coming days.