The new 8.250% senior notes, due in 2032, will integrate directly with the company’s existing $550 million series issued in mid-2024. Simultaneously, GardaWorld increased its term loan facility due in 2029 by $300 million. Patrick Prince, the firm's Chief Financial Officer, noted that the Term Loan B was oversubscribed by more than two times, reflecting a strong appetite for the company's investment profile.
GardaWorld Secures $500 Million in Debt Financing
Investors swarmed GardaWorld’s latest capital raise, driving demand for its bond offering to three times the available supply. The Montréal-based security giant successfully closed a $200 million senior notes issuance alongside a $300 million expansion of its existing term loan, signaling robust market confidence in the firm's credit trajectory.
Management intends to deploy the fresh capital toward general corporate activities, including funding potential future acquisitions and covering transaction-related expenses. Until these funds are fully committed, they will serve to pay down outstanding balances on the company's senior secured revolving credit facility. The offering was conducted through private placements, restricted to qualified institutional buyers in the United States and eligible investors under Canadian prospectus exemptions.
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