The financing will support Brady Corp.'s purchase of Honeywell's productivity solutions and services business, marking a sizable private debt raise tied to an M&A transaction.
Brady Corp. has raised $800 million in private debt to help finance its acquisition of Honeywell's productivity solutions and services business. The funding indicates the company is using private credit markets to support a corporate takeover, a structure that has become more common as borrowers seek flexible financing for acquisitions.