GardaWorld Security Corporation has announced the completion of two significant financial transactions: the issuance of senior unsecured notes due in 2032 in an aggregate principal amount of US$1 billion at a rate of 8.375% due in 2032, as well as the redemption of senior unsecured notes due in 2027 with an outstanding principal amount of US$604.4 million.
Langlois is proud to have once again acted as the Canadian legal counsel to GardaWorld in connection with the closing of its large-scale North American private placement and the finalization of the redemption of its existing notes. The notes were distributed by a syndicate of underwriters and joint bookrunner managers, namely BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, UBS Securities LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, ATB Securities Inc., BC Partners LLC and Jefferies LLC.
Faced with an extremely tight deadline and a volatile financial market, our team of skilled professionals was able to meet the demands of the underwriters and trustees, to successfully close the two transactions. Experience and efficiency were critical to the execution of these complex undertakings.
Led by Pierre-Hubert Séguin, a team comprising members of our Capital Market group worked on all legal facets, including securities, corporate law, and tax. The team on this deal, included Éric Archambault, François-Alexandre Marois, Sarah Ettedgui, Sylvain Aird, Angelica Clément, and Yixiao Zheng, as well as paralegal Naya Hachem. The team all benefited from the expertise of colleagues Bruno Racine, who handled the tax elements, as well as Michael Corriveau and Delphine Grou, who handled the corporate law aspects.
GardaWorld is a global leader in security services, integrated risk management, and cash management with more than 132,000 professionals worldwide. Langlois has proudly served as lead counsel for GardaWorld since its inception.
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Information:
Mélissa R. Shriqui
T +1 438 844-7800
M +1 514 951 0553