Garda World Security Corporation Announces Closing of Private Offering of US$500 Million of Senior Notes due 2029 News provided by Share this article Share this article MONTREAL, June 1, 2021 /PRNewswire/ - Garda World Security Corporation (the "Company" or "GardaWorld") announced today the closing of the private offering of its US$500 million aggregate principal amount of 6.000% senior notes due 2029 (the "Notes"). The Notes are guaranteed by each of the Company's existing and future subsidiaries that guarantee the Company's senior secured credit facilities. The Company intends to use the net proceeds from the Notes offering (i) to redeem all of the US$174.6 million aggregate principal amount of its outstanding 8.75% Senior Notes due 2025, (ii) for general corporate purposes, which may include future acquisitions and (iii) to pay related fees and expenses in connection with the Notes offering. Pending such uses, the Company may use the net proceeds from the Notes offering to repay outstanding amounts on its senior secured revolving credit facility.