Simpson Thacher Represents Garda World Security Corporation in US$50 Million Offering of Additional Senior Notes Due 2017
06.13.13
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The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$50 million additional aggregate principal amount of senior notes due 2017. The notes were issued as additional notes under an indenture pursuant to which GardaWorld issued US$250 million aggregate principal amount of senior notes due 2017 in March 2010. The offering was conducted in reliance on to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
GardaWorld intends to use the net proceeds from the notes offering to repay borrowings under its senior secured revolving credit facility (including borrowings in connection with its acquisition of Intercon Security Limited). GardaWorld intends to use any remaining proceeds for general corporate purposes.
Headquartered in Montreal, Canada, GardaWorld provides business solutions and security services around the world. GardaWorld’s 45,000 highly trained, dedicated professionals serve clients throughout North America, Latin America, Europe, Africa, Asia and the Middle East. GardaWorld works across a broad range of sectors, including natural resources, retail, construction, telecommunications and manufacturing, and on behalf of companies, governments and humanitarian relief organizations.
The Simpson Thacher team for the transaction includes Kenneth Wallach, Brian E. Rosenzweig, John Freese and Jonathan Stradling (Capital Markets); Brian Steinhardt (Credit); Jonathan Cantor and Sophie Staples (Tax); Brian Robbins and Doug Tang (Executive Compensation and Employee Benefits); and Michael Isby (Environmental). Summer Associate Sara Campbell also provided valuable assistance.