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Garda World Security Corporation (GardaWorld), a Montréal-based global provider of security services, AI-enabled security technology, integrated risk management and cash automation solutions, closed two concurrent financing transactions totalling nearly US$500 million. The first was a private offering of US$200 million aggregate principal amount of 8.250% senior notes due 2032. These notes rank pari passu with, and form a single series with, GardaWorld's existing US$550 million of 8.250% senior notes due 2032 that were issued on July 25, 2024. The second was an increase of approximately US$300 million to the company's existing US$2,338 million term loan due 2029 (the "Incremental Term Loans"). GardaWorld indicated the net proceeds would be used for general corporate purposes, including potential future acquisitions, to pay related fees and expenses, and, pending such uses, to repay amounts on its senior secured revolving credit facility. The offering was conducted as a cross-border private placement to qualified institutional buyers in the U.S. under Rule 144A and to accredited/exempt investors in Canada. According to CFO Patrick Prince, the term loan was more than two times oversubscribed and the bond offering saw demand of roughly three times, reflecting investor confidence in GardaWorld's credit. Langlois Lawyers acted as Canadian legal counsel to GardaWorld, its longstanding client.
Parties
Company
Garda World Security Corporation (GardaWorld)
Company
Underwriters, dealers, lenders and agents
Deal Type
Financing/InvestmentIndustry
Banking/FinanceTransaction
$ 700,000,000Deal Status
ClosedClosing Date
06 July 2026