Garda World Security Corporation ("GardaWorld") has commenced a private offering of US$200 million aggregate principal amount of its 8.250% senior notes due 2032, as announced on July 1, 2026. The notes will rank pari passu with and form a single series with the existing US$550 million of 8.250% senior notes issued on July 25, 2024.
Concurrent Term Loan Amendment
Concurrently with the note offering, GardaWorld is pursuing an amendment to increase its existing US$2,338 million term loan due 2029 by approximately US$300 million (the "Incremental Term Loans"). The offering is not conditioned on the completion of the incremental term loans.
Use of Proceeds
The company intends to use the net proceeds from the offering, together with the proceeds from the incremental term loans and cash on hand, for general corporate purposes, including potential future acquisitions, and to pay fees and expenses related to the transactions. Pending such uses, the proceeds will be used to repay outstanding amounts on its senior secured revolving credit facility.
Private Placement Details
The offering is being made in a private transaction exempt from registration under the Securities Act of 1933, as amended. It is available only to qualified institutional buyers in the United States under Rule 144A, to persons established outside Québec under the prospectus exemption of section 12 of the Securities Act (Québec), or outside the United States under Regulation S. The new notes will be fungible with the initial notes and trade under the same CUSIP/ISIN numbers, except for Regulation S notes which will trade separately for at least 40 days after issuance.
About GardaWorld
GardaWorld is an entrepreneurial-driven corporation focusing on security services, AI-enabled security technology, integrated risk management, and cash automation solutions. It employs over 132,000 professionals globally and serves Fortune 500 corporations, governments, and prominent individuals.
