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BRIEF-AstroNova signs asset purchase and licensing agreement with Honeywell's aerospace unit
October 2, 2017 / 12:00 PM / 2 months ago

BRIEF-AstroNova signs asset purchase and licensing agreement with Honeywell's aerospace unit

Oct 2 (Reuters) - AstroNova Inc-

* AstroNova - on Sept 28 co signed an exclusive worldwide asset purchase and licensing agreement with Honeywell International, Inc’s aerospace division

* AstroNova - agreement provides for an up-front payment to Honeywell of $14.6 million in cash - sec filing

* AstroNova - is funding up-front payment through existing credit facility, as amended to increase amount for borrowing under revolving credit line to $15 million​ Source text: (bit.ly/2g3e2Qf) Further company coverage:

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