secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2026-06-18T17:52:59+00:00
Accession:  0000746598-26-000030
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brady Corp enters $1.0B credit agreement to finance Honeywell PSS acquisition
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- $1.0B credit agreement: $500M term loan and $500M revolving credit facility, maturing June 12, 2031.
- Replaces prior credit agreement; outstanding €13M revolver exchanged, other obligations repaid.
- Revolving facility capped at $300M pre-closing, expands to $500M post-closing of PSS acquisition.
- Covenants: max consolidated net leverage ratio 3.50:1 (temporarily 4.00:1 post-acquisition), min interest coverage 3.00:1.
- Proceeds to finance PSS acquisition, transaction costs, capex, working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659826000030/0000746598-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659826000030/brc-20260612.htm
  HTML page:      https://secwatch.observer/filing/0000746598-26-000030

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