BRADY CORPORATION ENTERS INTO CREDIT AGREEMENT

Brady Corporation has entered into a new Credit Agreement on June 12, 2026, replacing its previous agreement from August 1, 2019. This new agreement provides an aggregate principal amount of $1.0 billion, comprising a $500 million term loan facility and a $500 million revolving credit facility. The agreement matures on June 12, 2031. Borrowings can be in various currencies including Dollars, Euros, Sterling, Australian Dollars, Japanese Yen, and Canadian Dollars. The Company has the option to choose between a base interest rate or a term benchmark interest rate, with margins based on its consolidated net leverage ratio. The term loan is subject to quarterly amortization payments. The revolving credit facility has a $100 million sublimit for letters of credit and a $100 million swing line sublimit, with total availability capped at $300 million pre-acquisition and expanding to $500 million post-acquisition. An incremental facility allows for up to $550 million in additional revolving commitments or term loans, with potential for unlimited increases subject to leverage ratio compliance. The agreement is guaranteed by certain domestic subsidiaries and includes covenants such as a maximum consolidated net leverage ratio (temporarily increased to 4.00 to 1.00 post-acquisition) and a minimum consolidated interest coverage ratio. Commitment fees are payable on unused amounts. Borrowings are intended to finance the acquisition of Honeywell International Inc.’s Productivity Solutions and Services business, cover transaction costs, and fund other corporate purposes.