Brady Corporation
10/11/2024 | Press release | Distributed by Public on 10/11/2024 08:01
Material Agreement Form 8 K
| Item 1.01 |
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On October 10, 2024, Brady Corporation (the "Company") and certain of its subsidiaries entered into a Third Amendment to Credit Agreement ("Amendment No. 3") with the lenders listed therein and BMO Bank N.A., as administrative agent, which amends that certain Credit Agreement, dated as of August 1, 2019, by and among the Company, certain of the Company's subsidiaries, the lenders from time to time party thereto, the letter of credit issuers from time to time party thereto and BMO Bank N.A., as administrative agent (as amended by a First Amendment to Credit Agreement dated as of December 21, 2021, and as further amended by a Second Amendment to Credit Agreement dated as of November 14, 2022, the "Credit Agreement").
Amendment No. 3 amends the Credit Agreement to, among other things, change the applicable benchmark under the Credit Agreement for borrowings denominated in Canadian Dollars from the CDOR Rate to the adjusted Term CORRA Rate.
The foregoing description of Amendment No. 3 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 3, a copy of which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.