Garda plans to price $300 million eight-year notes this week

By Paul A. Harris

Portland, Ore., Oct. 28 - Garda World Security Corp. plans to price a $300 million offering of eight-year senior notes (B3/B-) later this week, according to a syndicate source.

An investor call is scheduled for 12:30 p.m. ET on Monday.

The roadshow stops include New York on Monday and Boston on Tuesday.

BofA Merrill Lynch is the left bookrunner for the Rule 144A for life notes offering.

RBC Capital Markets, TD Securities and Mizuho Securities are the joint bookrunners.

The notes become callable after three years at par plus 75% of the coupon.

The Montreal-based provider of business solutions and security services plans to use the proceeds to refinance existing credit facility debt and senior unsecured notes due 2017 and to fund the acquisition of G4S Cash Solutions for C$110 million.

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