The Garda Security Group completes C$275 million refinancing
March 09, 2012
275.00 Million CAD
On March 9, 2012, Garda World Security Corporation ("Garda") announced that it has successfully completed the refinancing of its existing credit facilities. The new credit facility of C$275 million consists in a C$100 million revolving credit facility; C$65 million three-year term loan with quarterly repayments and a C$110 million four-year term loan to be repaid at maturity. Proceeds will be used to repay the existing credit facilities and provide additional availability to support growth in all operations and geographies.
TD Securities led the refinancing comprising a select group of Canadian and international financial institutions. Along with TD Securities, GE Capital and Desjardins Capital Markets acted as Co-lead Arrangers and Syndication Agents and Caisse de dépôt et placement du Québec acted as Documentation Agent for the transaction.
Garda, headquartered in Montréal, Québec, is a global provider of security solutions, cash logistics and global risk consulting.
McCarthy Tétrault LLP represented the banking syndicate, with a team led by Michel Deschamps.