The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of $140 million additional aggregate principal amount of 7.25% senior notes due 2021. The notes were issued as additional notes under an indenture pursuant to which GardaWorld issued $300 million aggregate principal amount of 7.25% senior notes due 2021 in November 2013. 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 proceeds from the offering, together with cash on hand, to fund a C$155 million reduction of GardaWorld's issued share capital and to pay related fees and expenses.
Headquartered in Montreal, Canada, GardaWorld provides business solutions and security services around the world. Our 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 Fortune 500 companies, governments, NGOs and humanitarian relief organizations.
The Simpson Thacher team for the transaction includes Kenneth Wallach, Brian E. Rosenzweig and Charles Mathes (Capital Markets); Jonathan Cantor and Jodi Sackel (Tax); and Doug Tang (Executive Compensation and Employee Benefits).