Banks to Join BMO-Led $1.8 Billion Debt Deal for Honeywell Spinoff

Bank of Montreal’s investment banking unit is leading a $1.8 billion debt deal supporting the sale of Honeywell International Inc.’s productivity solutions and services business to industrial manufacturer Brady Corp.

BMO Capital Markets will syndicate a $1 billion term loan to other Wall Street lenders, according to people with knowledge of the transaction. The bank is also weighing whether to sell an $800 million slice of debt to investors in the investment-grade bond or private-placement markets, they said, asking not to be named discussing a private matter.