The Firm represented Garda World Security Corporation (“GardaWorld”) in an offering of US$1 billion aggregate principal amount of 8.375% 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 redemption of its 9.50% Senior Unsecured Notes due 2027 (the “2027 Notes Redemption”); (ii) to finance the cash consideration in respect of its acquisition of Stealth Monitoring, a North American leader in cutting-edge commercial mobile and fixed video monitoring security solutions (the “Stealth Acquisition”); (iii) to pay fees and expenses related to the Notes offering, the 2027 Notes Redemption and the consummation of the Stealth Acquisition; and (iv) with any remaining proceeds, for general corporate purposes, including potential future acquisitions. Pending any specific application of the net proceeds, GardaWorld may use a portion of the proceeds to invest in government securities or cash equivalents.
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, Shub Chandrasekaran and Michael Hiestand (Capital Markets); Jonathan Cantor (Tax); Jeannine McSweeney and Alan Fenyes (Executive Compensation & Employee Benefits); Paige Brinton (Intellectual Property); and Michael Isby (Environmental).