GardaWorld to refinance with sale to Rhône Capital
Garda World Security Corp, a Montréal-based security services provider, said it plans to refinance existing indebtedness with its forthcoming sale to U.S. private equity firm Rhône Capital and Stephan Crétier, the company's chairman and CEO. GardaWorld said it expects to refinance the debt with a portion of the proceeds of financing deals consisting of: $71 million in equity; US$1.22 billion in new senior secured credit facilities, and; a US$630 million principal amount of new senior unsecured notes. Rhône will gain a 61 percent stake in GardaWorld with the close of the acquisition from Apax Partners, expected in July.
10 April 2017•3 mins read
