Garda World Security completes C$275 million revolver, term loans

By Sara Rosenberg

New York, March 12 - Garda World Security Corp. closed on a new C$275 million credit facility, according to a news release.

TD Securities, GE Capital and Desjardins Capital Markets acted as co-lead arrangers on the deal.

The facility consists of a C$100 million revolver; a 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 are being used to refinance an existing credit facility and to provide additional availability to support growth.

Through the refinancing, the company extended maturities, lowered pricing and reduced capital repayments.

Garda is a Montreal, Canada-based provider of security solutions, cash logistics and risk consulting.

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