{"schema_version":"secwatch.filing_event.v1","accession":"0000746598-22-000142","form_type":"8-K","ticker":"BRC","cik":"0000746598","company_name":"BRADY CORP","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.484732+00:00","generated_at":"2026-06-21T19:05:21.630770+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Brady Corp amends credit agreement: commitments raised to $300M, maturity extended to 2027","bullets":["Increased total lending commitments by $100 million to $300 million.","Extended maturity date to November 14, 2027.","Interest rate on certain borrowings increased by 0.125%.","Added The Code Corporation and Magicard US as guarantors; removed Clement Communications.","Financial covenants unchanged: net debt-to-EBITDA ≤3.5x, interest coverage ≥3.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0000746598-22-000142","json":"https://secwatch.observer/filing/0000746598-22-000142.json","markdown":"https://secwatch.observer/filing/0000746598-22-000142.md","text":"https://secwatch.observer/filing/0000746598-22-000142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/0000746598-22-000142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/brc-20221114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T19:05:21.630770+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c466db953be9ccbcb411de58d0e0de519e41b216","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/0000746598-22-000142-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"a group of six banks"},{"label":"Rate","value":"increase the interest rate on certain borrowings by 0.125%"},{"label":"Maturity","value":"November 14, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ab95734fb51f076a70e5dc520d861a4409b00f54","claim":"BRADY CORP amended Amendment No. 2 with a group of six banks valued at $300 million (effective 2022-11-14).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/0000746598-22-000142-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a group of six banks"},{"label":"Value","value":"$300 million"},{"label":"Effective","value":"2022-11-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}