---
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"
generated_at: "2026-06-21T19:05:21.630770+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Brady Corp amends credit agreement: commitments raised to $300M, maturity extended to 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746598-22-000142
- JSON: https://secwatch.observer/filing/0000746598-22-000142.json
- Plain text: https://secwatch.observer/filing/0000746598-22-000142.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/0000746598-22-000142-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/746598/000074659822000142/0000746598-22-000142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.