secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0000746598-21-000203
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brady amends $200M credit facility to replace LIBOR benchmarks with SONIA, EURIBOR, TIBOR
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- Amendment dated Dec 21, 2021, with BMO Harris and other lenders.
- Changes interest rate for Sterling borrowings from LIBOR to daily simple SONIA.
- Euro borrowings move to EURIBOR; Japanese Yen to TIBOR rate.
- Provides mechanics for transition away from USD LIBOR to a replacement benchmark.
- No change to $200M aggregate revolving commitment or other material terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659821000203/0000746598-21-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659821000203/brc-20211221.htm
  HTML page:      https://secwatch.observer/filing/0000746598-21-000203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer