Brink's Prices $600 Million Senior Notes Offering
October 05 2017 - 6:08PM
The Brink’s Company (NYSE:BCO) today announced the pricing of its
10-year senior unsecured notes in an aggregate principal amount of
$600 million, an increase of $100 million over the amount announced
previously. The notes will be issued at par, will mature on
October 15, 2027 and will bear an annual interest rate of
4.625%. The notes will be general unsecured obligations
guaranteed by the company’s existing and future U.S. subsidiaries
that are to be guarantors under its new credit facility. The
offering is expected to close on October 20, 2017 subject to
customary closing conditions.
Proceeds from the notes are expected to be used in
part to repay the existing revolving credit facility, the existing
term loan, certain other existing indebtedness and certain fees and
expenses related to the closing of the transactions.
Remaining net proceeds are expected to be used for working capital
needs, capital expenditures, acquisitions and other general
corporate purposes.
The notes have not been and will not be registered
under the Securities Act of 1933 (“Securities Act”) or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States absent registration or an applicable
exemption from registration requirements. The notes will be offered
in the United States only to persons reasonably believed to be
qualified institutional buyers in reliance on the exception from
registration set forth in Rule 144A under the Securities Act and
outside the United States to non-U.S. persons pursuant to
Regulation S under the Securities Act.
This press release does not constitute an offer to
sell or the solicitation of an offer to buy the notes and shall not
constitute an offer, solicitation or sale of any notes in any
jurisdiction in which such offer, solicitation, or sale would be
unlawful. Any offers of the notes will be made only by means of a
private offering memorandum.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is the world’s
premier provider of secure logistics and security solutions
including cash-in-transit, ATM services, cash management services
(including vault outsourcing, money processing and intelligent safe
services), international transportation of valuables, and payment
services. Our customers include financial institutions,
retailers, government agencies (including central banks), mints,
jewelers and other commercial operations. Our global network
of operations in 41 countries serve customers in more than 100
countries. For more information, please call 804-289-9709.
Forward-Looking Statements
This release contains forward-looking information.
Words such as “expect,” “anticipate,” “intend,” “plan,” “believe,”
and “estimate,” and variations of such words and similar
expressions, may identify such forward-looking information. Forward
looking information in this release includes, but is not limited to
the notes offering and the details thereof, including the proposed
use of proceeds therefrom. Forward-looking information in
this release is subject to known and unknown risks, uncertainties
and contingencies, which are difficult to predict or quantify, and
which could cause actual result, performance or achievements to
differ materially from those that are anticipated. These and other
risks and uncertainties include, but are not limited to, factors
discussed under “Risk Factors” in Item 1A of our Annual Report on
Form 10-K for the period ended December 31, 2016 and in our other
public filings with the Securities and Exchange Commission.
The forward-looking information included in this release is
representative only as of the date of this document and The Brink’s
Company undertakes no obligation to update any information
contained in this document.
Contact:Investor Relations804.289.9709
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