The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$550 million aggregate principal amount of 8.250% Senior Notes due 2032 (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 finance the acquisition of OnSolve, LLC, a leading provider of critical event management including risk intelligence, mass notifications, incident management and travel risk management and to pay related fees and expenses, (ii) to repay outstanding amounts on its senior secured revolving credit facility, (iii) to pay fees and expenses related to the offering and (iv) for general corporate purposes, including potential future acquisitions.
GardaWorld is an entrepreneurial-minded corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, 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, Richie Ragusa and Shub Chandrasekaran (Capital Markets); Jonathan Cantor (Tax); Jeannine McSweeney and Alan Fenyes (Executive Compensation & Employee Benefits); Paige Brinton (Intellectual Property); and Michael Isby (Environmental).