The offering of 8.250% senior notes is slated to close around July 6, 2026, pending standard closing conditions. These new notes will merge into the same series as the company’s existing US$550 million debt issued in 2024. Simultaneously, the firm successfully negotiated a US$300 million increase to its 2029 term loan, which currently sits at US$2,338 million.
In section Releases
GardaWorld Secures $500 Million in New Debt Financing
Montréal-based security giant GardaWorld is expanding its capital reserves, pricing a US$200 million addition to its 2032 senior notes while simultaneously securing commitments for a US$300 million expansion of its existing term loan facility to bolster its acquisition strategy and general corporate operations.
Patrick Prince, the company’s Chief Financial Officer, attributed the move to robust investor appetite. According to Prince, the term loan saw demand exceeding two times the available allocation, while the bond offering attracted interest nearly triple the target amount. The company plans to use the combined proceeds to pay down its senior secured revolving credit facility, fund potential acquisitions, and cover transaction-related expenses.
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