Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BRADY CORP entered into Equity Purchase Agreement with Honeywell International Inc. valued at $1.4 billion in cash (effective 2026-04-20).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Honeywell International Inc.
- Value
- $1.4 billion in cash
- Effective
- 2026-04-20
Exact text from the filing
On April 20, 2026, Brady Corporation (the “Company”) and its wholly owned subsidiary, Brady Worldwide, Inc. (the “Purchaser”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Honeywell International Inc. (the “Seller”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, the Purchaser will acquire the Seller’s Productivity Solutions and Services business (“PSS business”), a global manufacturer and provider of integrated mobile computing, scanning, printing, and software solutions, for a base purchase price of $1.4 billion in cash (the “Transaction”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BRADY CORP entered into Debt Commitment Letter with BMO Capital Markets valued at up to $1.8 billion (effective 2026-04-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- BMO Capital Markets
- Value
- up to $1.8 billion
- Effective
- 2026-04-20
Exact text from the filing
Concurrently with the entry into the Purchase Agreement, the Purchaser entered into a debt commitment letter (the “Debt Commitment Letter”) with BMO Capital Markets. Pursuant to the Debt Commitment Letter, BMO Capital Markets has committed to provide bridge facilities in an aggregate principal amount of up to $1.8 billion, consisting of a $1 billion Tranche A facility and an $800 million Tranche B facility.
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