---
title: "Brady signs USD 1 billion credit agreement to fund Honeywell PSS acquisition"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290233236.md"
description: "Brady Corporation signed a USD 1 billion credit agreement on June 12, 2026, to fund its pending acquisition of Honeywell’s Productivity Solutions and Services business. The facility comprises a USD 500 million term loan and a USD 500 million revolving credit facility maturing in 2031. Revolver availability is capped at USD 300 million until the acquisition closes. Covenants include a maximum net leverage ratio of 3.5x, temporarily rising to 4x post-close."
datetime: "2026-06-18T17:53:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290233236.md)
  - [en](https://longbridge.com/en/news/290233236.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290233236.md)
generator: "portal-rs"
---

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

-   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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brady Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000746598-26-000030), on June 18, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**