Garda World Security Corporation announces offering of US$120M of additional senior secured notes due 2027
By CS Staff
Garda World intends to use the proceeds for general corporate purposes, which may include acquisitions
By CS Staff
Garda World Security Corporation announced on June 29 the commencement of a private offering of US$120 million aggregate principal amount of additional 4.625 per cent senior secured notes due 2027 .
The New Notes will be guaranteed by parent company GW Intermediate Corporation, and each of the Company’s existing and future subsidiaries that guarantee Garda World’s senior secured credit facilities and will be secured on a pari passu basis with the collateral securing such facilities.
The New Notes will rank pari passu with and form part of a single series with GardaWorld’s initial US$450 million aggregate principal amount of 4.625 per cent senior secured notes due 2027 .
Garda World intends to use the proceeds for general corporate purposes, which may include acquisitions.
The offering will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, in the U.S. only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, and pursuant to the prospectus exemption of section 12 of the Securities Act (Québec) for distribution of securities to persons established outside Québec, or outside the United States pursuant to Regulation S under the Securities Act and upon reliance on the accredited investor exemption in Canada.
The New Notes being offered will be fungible with, and trade under the same CUSIP/ISIN numbers as, the Initial Notes.