Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BRADY CORP amended credit facility of $300 million with a group of six banks at increase the interest rate on certain borrowings by 0.125% maturing November 14, 2027.
- Instrument
- credit facility
- Principal
- $300 million
- Counterparty
- a group of six banks
- Rate
- increase the interest rate on certain borrowings by 0.125%
- Maturity
- November 14, 2027
- Event
- amendment
Exact text from the filing
as of August 1, 2019. Amendment No. 2 amends the credit agreement to, among other items, (a) increase the lending commitments by $100 million for total lending commitments of $300 million (b) extend the final maturity date to November 14, 2027, (c) increase the interest rate on certain borrowings by 0.125%, and (d) increase the available amount under the credit
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BRADY CORP amended Amendment No. 2 with a group of six banks valued at $300 million (effective 2022-11-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- a group of six banks
- Value
- $300 million
- Effective
- 2022-11-14
Exact text from the filing
On November 14, 2022, Brady Corporation (the “Company”) and certain of its subsidiaries entered into a Second Amendment to Credit Agreement (“Amendment No. 2”) with a group of six banks, which amends the original credit agreement dated as of August 1, 2019.
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