The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$450 million aggregate principal amount of 4.625% Senior Secured Notes due 2027. 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 proceeds from the offering, together with cash on hand, to repay US$450 million of borrowings under the term loan portion of its senior secured credit facilities and to pay related fees and expenses.
GardaWorld is the world’s largest privately-owned security services company, offering cash services, physical and specialized security solutions and, with the Crisis24 portal, the dissemination of vetted information related to international security. A partner of choice for private companies, governments, humanitarian organizations and multinationals with personnel all over the world, GardaWorld employs more than 102,000 highly skilled, dedicated professionals who serve a diverse clientele in North America, Africa, Asia and the Middle East.
The Simpson Thacher team for the transaction includes Ken Wallach, Brian E. Rosenzweig, Lisa Zhang and Pinto Adhola(Capital Markets); Leah Nudelman and Michael Gajewsky (Credit); Janet Nadile and Jon Pall (Collateral); Jon Cantor and Sophie Staples (Tax); Jeannine McSweeney, Jeanne Annarumma and Jason Fixelle (Executive Compensation & Employee Benefits); Dan Venditti (Labor); Melanie Jolson (Intellectual Property); Michael Isby (Environmental). Matthew Levy also provided valuable assistance.