Global multinational Garda World Security Corporation (“GardaWorld”) has announced the closing of its credit facility repricing and an incremental term loan.
We are proud to have once again acted as lead legal counsel to GardaWorld in connection with the amendment of its credit agreement. The transaction increased GardaWorld’s term loan by approximately C$86.5 million (US$63 million), bringing the total to C$3.2 billion (US$2.35 billion), while also reducing the interest rate on both the term loan by 0.25% and the revolving term credit facility by 0.75%. GardaWorld estimates that these interest rate reductions will lower its annual financing costs by approximately C$10 million.
Leveraging their corporate financing expertise, our team supported GardaWorld at every stage of this transaction, leading to the successful completion of the contractual amendment with a North American banking syndicate led by JPMorgan Chase Bank, N.A., of New York.
The team responsible for this major credit facility amendment included Pierre-Hubert Séguin, Angela Kosciuk, Angelica Clément and Éric Archambault, as well as paralegals Naya Hachem and Irmine Bétékoua.
Read GardaWorld’s press release
Information:
Mélissa Rina Shriqui
T +1 438 844-7800
M +1 514 951-0553