GardaWorld Security, a security company, entered into an incremental syndicated financing to its credit agreement dated Oct. 30, 2019, increasing its existing $1.438 million term loan B by $700 million to $2.1 billion. This incremental syndicated financing maturing in February 2029 was raised in relation to the recent acquisitions of Tidel and Gunnebo Group’s cash management business and the repayment of certain indebtedness and expenses related thereto.
JPMorgan Chase Bank, BofA Securities, Barclays Bank and UBS Securities have acted as joint lead arrangers and bookrunners on the incremental syndicated financing. They also acted as financial advisors on the acquisition of Tidel.
