MILWAUKEE, Feb. 16 /PRNewswire-FirstCall/ -- Brady Corporation
(NYSE: BRC), a world leader in identification solutions, announced today that
it has successfully completed the private placement of $200 million in
ten-year notes at 5.3 percent to institutional investors. The notes will be
amortized in equal installments over 7 years, beginning in 2010. Brady
intends to use the net proceeds of the offering to finance previously
announced acquisitions and future acquisitions, and for general corporate
purposes. The sale was exempt from the registration requirements of the
Securities Act of 1933. The notes will not be registered for resale and may
not be resold absent such registration or an applicable exemption from the
registration requirements of the Securities Act and applicable state
securities laws.
Brady Corporation is an international manufacturer and marketer of
complete solutions that identify and protect premises, products and people.
Its products help customers increase safety, security, productivity and
performance and include high-performance labels and signs, safety devices,
printing systems and software, and precision die-cut materials. Founded in
1914, the company has more than 300,000 customers in electronics,
telecommunications, manufacturing, electrical, construction, education and a
variety of other industries. Brady is headquartered in Milwaukee and employs
about 5,500 people in operations in the United States, Europe, Asia/Pacific,
Latin America and Canada. Brady's fiscal 2005 sales were approximately $816
million. More information is available on the Internet at
http://www.bradycorp.com .
This news release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 - that is, statements
related to future, not past events. In this context forward-looking statements
often address our expected future business and financial performance, and
often contain certain words such as "expect, anticipate, intend, plan,
believe, seek, will, or may." Forward-looking statements by their nature
address matters that are, to different degrees uncertain. For us,
uncertainties arise from future financial performance of major markets we
serve which include, without limitation, telecommunications, manufacturing,
electrical, construction, laboratory, education, governmental, public utility,
computer, transportation; future integration of and performance of acquired
businesses; fluctuations in currency rates versus the US dollar; technology
changes; interruptions to sources of supply; business interruptions due to
implementing business systems; and numerous other matters of national,
regional and global scale, including those of a political, economic, business,
competitive and regulatory nature and those identified in reports we file with
the SEC. These uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking statements.
We do not undertake to update our forward-looking statements.
SOURCE Brady Corporation
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