other material
confidence high
sentiment neutral
materiality 0.25
Brady Corp amends credit agreement, replacing CDOR with Term CORRA for CAD borrowings
BRADY CORP
- Third Amendment to $300M credit agreement dated Oct 10, 2024; changes Canadian Dollar benchmark from CDOR to Adjusted Term CORRA.
- Removes Magicard US, Inc. and AIO Acquisition, Inc. as Guarantors/Loan Parties (entities previously merged or sold).
- No changes to total commitment, pricing grid, or maturity; amendment is a routine benchmark transition.