Brady raises $800M in debt to fund $1.4B Honeywell unit buy

What's the deal? BradyDealroom has a profile for this one. Try Dealroom → Corp. has secured $800 million through a private debt offering to help finance its planned $1.4 billion acquisition of HoneywellDealroom has a profile for this one. Try Dealroom → International's Productivity Solutions and Services business, BloombergDealroom has a profile for this one. Try Dealroom → News reported.

What's the structure? The financing consisted of investment-grade private-placement notes.

The signal: The debt raise covers more than half the all-cash purchase price, signalling Brady's commitment to closing a deal that would expand its footprint in data capture, mobile computing and workflow automation.

Read more: Seeking Alpha

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