The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$400 million aggregate principal amount of 7.75% Senior Secured Notes due 2028 (the “Notes”). The offering was conducted in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended.
GardaWorld intends to use the net proceeds from the Notes offering (i) to repay outstanding amounts on its senior secured revolving credit facility, (ii) for general corporate purposes, which may include future acquisitions, and (iii) to pay related fees and expenses in connection with the Notes offering.
GardaWorld is a global champion in security services, integrated risk management and cash solutions, employing more than 132,000 highly skilled and dedicated professionals. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld offers sophisticated and 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, Alexander Suh and Braxton Pitts (Capital Markets); Leah Nudelman (Credit); Jonathan Pall (Collateral); Sophie Staples, Jonathan Cantor and Scott Grundei (Tax); Jeannine McSweeney and Jeanne Annarumma (Executive Compensation & Employee Benefits); Courtney Welshimer and Melanie Jolson (Intellectual Property); and Michael Isby (Environmental).