Story
Brady Corp. Raises $800 Million in Private Debt for Honeywell Unit Acquisition
Summary
Brady Corp. has successfully sold $800 million in private placement bonds to partially finance its $1.4 billion acquisition of a productivity solutions business from Honeywell International Inc.
Brady Corp. (NYSE: BRC) has raised $800 million in a private debt offering to help fund its pending acquisition of a unit from Honeywell International Inc., according to a Bloomberg report citing people familiar with the matter.
Details of the Offering
The maker of signs and labels sold the private-placement bonds across three different tranches with maturities ranging from five to ten years. The debt received a private investment-grade rating.
The largest portion of the sale was a $300 million seven-year note, which priced at a spread of 1.25 percentage points over the equivalent U.S. Treasury yield. The transaction was arranged by BMO Capital Markets, the report stated.
AdFinancing the Acquisition
The proceeds are earmarked to support Brady's $1.4 billion purchase of Honeywell's Productivity Solutions and Services (PSS) business, an agreement first announced in April. The PSS division, which generated approximately $1.1 billion in revenue in 2025, specializes in mobile computers, barcode scanners, and printing solutions for the logistics industry.
In addition to the private bond sale, BMO previously syndicated a $1 billion term loan to other lenders to support the acquisition. The successful debt placement finalizes a key component of the deal's financing structure. Following the news, shares of Brady Corp. rose 2%.
Read next
More on Stocks
Morgan Stanley Warns of Narrow Market Breadth, Sees Potential S&P 500 Pullback
Strategists at Morgan Stanley believe the gap between the S&P 500's performance and weak underlying stock participation must close, potentially pulling the index lower if bond market volatility persists.
Apple and Amazon to Face UK Class-Action Lawsuit Over 2018 Sales Agreement
A UK tribunal has certified a consumer class-action lawsuit against Apple and Amazon, alleging a 2018 deal illegally inflated prices for their products on Amazon's UK marketplace. The claim seeks up to £306 million in damages for millions of consumers.
Draganfly Secures $10 Million Investment from Trump Jr.-Linked Firm and US Asset Manager
Canadian drone maker Draganfly will receive $10 million from Unusual Machines, which counts Donald Trump Jr. as an advisor, and an unnamed U.S. asset manager to fund strategic development. The investment comes as interest in the defense technology sector continues to grow.
Jefferies Downgrades Roblox to Underperform, Citing Overly Optimistic Rally
The investment firm maintained its $38 price target, arguing that the stock's recent 30% surge reflects unrealistic expectations for bookings growth amid rising investment costs.