The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$200 million aggregate principal amount of 8.250% Senior Notes due 2032 (the “Notes”). The Notes were issued as additional notes under an indenture pursuant to which GardaWorld previously issued US$550 million aggregate principal amount of 8.250% Senior Notes due 2032. The offering was conducted in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended.
In addition, the Firm represented GardaWorld in connection with an amendment to increase its existing term loan due 2029 providing for US$300 million of incremental term loans (the “Incremental Term Loans”).
GardaWorld intends to use the net proceeds from the Notes offering, together with borrowings under 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, GardaWorld intends to use the net proceeds from the transactions to repay outstanding amounts on its senior secured revolving credit facility.
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.
The Simpson Thacher team for the transaction included Ken Wallach, Brian Rosenzweig, Evan Zuckerman, Margaret Selbe, Cadina Mancini and Nikola Hew (Capital Markets); Eli Isak, Dennis Durkin, James M. Wheeler (Credit); Jonathan Cantor and Roberto Arza (Tax); Jeannine McSweeney and Alan Fenyes (Executive Compensation & Employee Benefits); Paige Brinton (Intellectual Property); Michael Isby (Environmental); and Ryan Stalnaker and Cary Milanes (Regulatory). Summer Associates Jane Glaser and Anna Skidmore also provided valuable assistance.