Brief: AstroNova signs asset purchase and licensing agreement with Honeywell's aerospace unit

AstroNova

02/10/2017 12:32

Oct 2 (Reuters) - AstroNova Inc  ALOT.O - 
    * 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 
 
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