Garda World Security Corporation announced the closing of a private offering of US$200 million aggregate principal amount of its 8.250% senior notes due 2032, alongside an increase of its term loan facility by approximately US$300 million. The transactions closed on July 6, 2026, according to a company press release.
Financing Details and Structure
The new senior notes rank pari passu with and form a single series with GardaWorld's existing US$550 million aggregate principal amount of 8.250% senior notes due 2032, issued on July 25, 2024. The incremental term loans increase the company's US$2,338 million term loan due 2029. Combined, the transactions total US$500 million in new financing.
GardaWorld intends to use the net proceeds for general corporate purposes, including potential future acquisitions, and to pay fees and expenses related to the transactions. Pending such uses, the proceeds will repay outstanding amounts on its senior secured revolving credit facility.
Strong Investor Demand
Patrick Prince, Senior Vice President and Chief Financial Officer of GardaWorld, commented: "We are pleased to have successfully closed these transactions following strong investor demand, enabling a swift and efficient execution alongside highly attractive pricing. The Term Loan B was more than two times oversubscribed, while the bond offering saw demand of approximately three times, underscoring the market’s strong confidence in GardaWorld’s credit and its compelling investment proposition."
Offering Mechanics and Regulatory Compliance
The offering was conducted in a private transaction exempt from registration under the U.S. Securities Act of 1933, targeting qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. In Canada, the sale relied on the accredited investor prospectus exemption. The new notes are fungible with the initial notes and trade under the same CUSIP/ISIN numbers, except for Regulation S notes which will trade separately for at least 40 days.
About GardaWorld
GardaWorld is a Montreal-based corporation specializing in security services, AI-enabled security technology, integrated risk management, and cash automation solutions. The company employs over 132,000 professionals globally and serves Fortune 500 corporations, governments, and prominent individuals. Its core values include integrity, vigilance, trust, and respect.
