MONTRÉAL, July 1, 2026 /CNW/ – Garda World Security Corporation (“GardaWorld” or the “Company”), an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management and cash automation solutions, announced today the pricing of the private offering (the “Offering”) of US$200 million aggregate principal amount of its 8.250% senior notes due 2032 (the “Notes”). The Offering is expected to close on or about July 6, 2026, subject to the completion of customary closing conditions. The Notes will rank pari passu with and form part of a single series with GardaWorld’s existing US$550 million aggregate principal amount of 8.250% senior notes due 2032 issued on July 25, 2024 (the “Initial Notes”). Concurrently with the Offering, the Company has received commitments to increase its US$2,338 million term loan due 2029 by an aggregate principal amount of approximately US$300 million (the “Incremental Term Loans” and, together with the Offering, the “Transactions”). The Offering is not conditioned on the completion of the Incremental Term Loans.
The Company intends to use the net proceeds from the Offering, together with the proceeds of the Incremental Term Loans and cash on hand (i) for general corporate purposes, including potential future acquisitions, and (ii) to pay fees and expenses related to the Transactions. Pending such uses, the Company will use such proceeds to repay outstanding amounts on its senior secured revolving credit facility.
“We benefited from strong investor demand, enabling a swift and efficient execution alongside highly attractive pricing. The Term Loan B was more than two times oversubscribed, while the bond offering saw demand of approximately three times, underscoring the market’s strong confidence in GardaWorld credit and its compelling investment proposition,” said Patrick Prince, Senior Vice President and Chief Financial Officer of GardaWorld.
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 (the “Securities Act”), in the United States 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 prospectus exemption in Canada. The Notes being offered will be fungible with, and trade under the same CUSIP/ISIN numbers as, the Initial Notes (except that the Notes offered pursuant Regulation S under the Securities Act will trade separately under a different CUSIP/ISIN number than the Initial Notes held through Regulation S under the Securities Act until at least 40 days after the issue date of the New Notes).
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes mentioned herein have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of securities in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or Canada without registration or an applicable exemption from registration requirements or an applicable exemption from the prospectus requirements of Canadian securities legislation.
About GardaWorld
GardaWorld is an entrepreneurial-driven corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, tailored security and technology solutions through high-touch partnerships and consistently superior service delivery. With a deep understanding that security is critical to the organizational resilience of business operations and the safety of communities, GardaWorld is committed to impeccable governance, professional care and the well-being of everyone. Thanks to a well-earned reputation, GardaWorld businesses are long-standing security partners of choice to some of the most prominent brands, influential individuals, Fortune 500 corporations and governments.
Forward-Looking Statements
Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the applicable securities laws. Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to GardaWorld’s future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as “may”; “will”; “should”; “expect”; “plan”; “anticipate”; “believe”; “intend”; “estimate”; “predict”; “potential”; “continue”; “foresee”, “ensure” or other similar expressions concerning matters that are not historical facts. In particular, statements regarding GardaWorld’s future operating results and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including the growth management, market competition, cost of financing, key personnel, government regulations, standard customer service contracts, insurance, strikes and other labor protest, supply chain disruptions, information technology system and cybersecurity breaches, operations outside Canada and the United States, cash in circulation and prevailing economic activity, currency fluctuations, credit risk, reputational risk and financial covenants risk, many of which are beyond GardaWorld’s control. While management considers these assumptions to be reasonable based on information currently available to GardaWorld, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what GardaWorld currently expects. The foregoing list of important factors is not exhaustive. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. GardaWorld will not update these statements unless applicable securities laws require GardaWorld to do so.
View original content:https://www.prnewswire.com/news-releases/gardaworld-announces-pricing-of-us200-million-additional-senior-notes-due-2032-and-receipt-of-commitments-to-the-incremental-term-loans-302816506.html
SOURCE Garda World Security Corporation
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