GardaWorld’s $500 Million Senior Notes Offering

Simpson Thacher represented Garda World Security Corporation in the offering.

Garda World Security Corporation (“GardaWorld”) executed an offering of US$500 million aggregate principal amount of 6% Senior Notes due 2029 (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 redeem all of the US$174.6 million aggregate principal amount of its outstanding 8.75% Senior Notes due 2025, (ii) for general corporate purposes, which may include future acquisitions and (iii) to pay related fees and expenses in connection with the Notes offering. Pending such uses, GardaWorld may use the net proceeds from the Notes offering to repay outstanding amounts on its senior secured revolving credit facility.

GardaWorld is one of the largest security services and cash services companies in the world, offering physical security services, trusted innovative cash management solutions and integrated risk management services, with Crisis24. A partner of choice for private companies, governments, humanitarian organizations and multinationals, GardaWorld employs more than 120,000 highly skilled, dedicated professionals who serve a diverse clientele in North America, Africa, Europe, Asia and the Middle East.

The Simpson Thacher team for Garda World included Ken Wallach (Picture), Brian E. Rosenzweig, Evan Zuckerman, Braxton Pitts and Analilia Gomez (Capital Markets); Adam Shapiro, Leah Nudelman and Kyle Nelson (Credit); Sophie Staples and Scott Grundei (Tax); Jeannine McSweeney and Jeanne Annarumma (Executive Compensation & Employee Benefits); Melanie Jolson (Intellectual Property); and Michael Isby (Environmental). Summer Associate Alberto Aradillas also provided valuable assistance.

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Analilia Gomez – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Kyle Nelson – Simpson Thacher & Bartlett; Leah Nudelman – Simpson Thacher & Bartlett; Braxton Pitts – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Garda World Security Corporation;

Author: Martina Bellini