Brady signs USD 1 billion credit agreement to fund Honeywell PSS acquisition

Brady Corporation Class A
Honeywell International Inc.

Brady Corporation Class A

BRC

0.00

Honeywell International Inc.

HON

0.00
  • Brady entered a new USD 1 billion Credit Agreement on June 12, 2026 to support its pending acquisition of Honeywell’s Productivity Solutions and Services business.
  • The facility includes a USD 500 million term loan, a USD 500 million revolving credit facility, with final maturity on June 12, 2031.
  • The agreement replaced the prior 2019 credit agreement; EUR 13 million of revolver borrowings were rolled into the new facility.
  • Revolver availability is capped at USD 300 million until the acquisition closes, then increases to the full USD 500 million commitment.
  • Covenants include a maximum net leverage ratio of 3.5x, temporarily up to 4x post-close, with a minimum interest coverage ratio of 3x.


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