Garda to launch $630 million senior notes on Monday via lead bookrunner Citigroup

By Paul A. Harris

Portland, Ore., April 21 – Garda World Security Corp. plans to launch $630 million of senior notes (Caa2/CCC+) on Monday via lead bookrunner Citigroup Global Markets Inc., according to an informed source.

Further details on the deal will become available on Monday, the source added.

The Montreal-based cash logistics and security solutions provider is also in the debt capital markets with a $980 million-equivalent covenant-light term loan via Barclays, Citigroup, Macquarie Capital (USA) Inc., TD Securities (USA) LLC and Societe Generale. Loan books are scheduled to close on Tuesday.

Proceeds will be used for debt refinancing and recapitalization.

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