Core Viewpoint - The Brink's Company has successfully closed an offering of senior unsecured notes totaling $800 million, aimed at refinancing existing debt and enhancing liquidity while maintaining leverage within targeted ranges [1]. Group 1: Financial Details - The offering consists of two tranches: $400 million of 5-year notes maturing on June 15, 2029, with an interest rate of 6.500%, and $400 million of 8-year notes maturing on June 15, 2032, with an interest rate of 6.750% [1]. - The net proceeds from the offering will be used to redeem or repurchase $400 million of outstanding 5.500% Senior Notes due 2025 and to repay a portion of borrowings under a $1 billion revolving credit facility [1]. Group 2: Management Commentary - The executive vice president and CFO expressed satisfaction with the refinancing results, highlighting the extension and diversification of future debt maturities and the increase in liquidity [1]. - The company does not anticipate a significant impact on its 2024 interest expense or existing EPS guidance as a result of this transaction [1]. Group 3: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, serving customers in over 100 countries [3].

RICHMOND, Va., June 05, 2024 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO) (the "Company") today announced the pricing of its offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes will be issued at par, will mature on June 15, 2029 and June 15, 2032, respectively, and will bear an annual interest rate of 6.500% and 6.750%, respectively. The notes will be general unsecured obligations guaranteed by the Company's exis ...

RICHMOND, Va., June 05, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) (the “Company”) today announced the pricing of its offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes will be issued at par, will mature on June 15, 2029 and June 15, 2032, respectively, and will bear an annual interest rate of 6.500% and 6.750%, respectively. The notes will be general unsecured obligations guaranteed by the Company’s exis ...

Company Overview - The Brink's Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, serving customers in over 100 countries through operations in 52 countries [3] Financial Offering - The Company intends to offer $400 million aggregate principal amount of 5-year senior unsecured notes, subject to market and other conditions [1] - The net proceeds from the offering will be used to redeem or repurchase the $400 million aggregate principal amount of its outstanding 5.500% Senior Notes due 2025, and temporarily repay amounts outstanding under its $1 billion revolving credit facility [1] Regulatory Information - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [2]

RICHMOND, Va., June 04, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) (the “Company”) today announced its intent to offer $400 million aggregate principal amount of 5-year senior unsecured notes, subject to market and other conditions. The notes will be general unsecured obligations guaranteed by the Company’s existing and future U.S. subsidiaries that are guarantors under the Company’s credit facility. The Company expects to use the net proceeds from the offering of the notes and cash on hand to ...

Did you analyze how Brink's (BCO) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this armored car company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For in ...

First-Quarter 2024 Earnings May 8, 2024 Safe Harbor Statements and Non-GAAP Results These materials contain forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target” "project," “model”, "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in these materials includes, but is not limited to, information regarding: 2024 outlook, including revenue, adjusted EBITDA ...

The Brink’s Company (NYSE:BCO) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Jesse Jenkins - Vice President of Investor Relations Mark Eubanks - CEO Kurt McMaken - CFO Conference Call Participants George Tong - Goldman Sachs Jack Wilson - Truist Securities Operator Hello and welcome to the Brink’s Company First Quarter 2024 Earnings Call. This morning, Brink’s issued a press release detailing its first quarter 2024 results. The company also filed an 8-K that includes the relea ...

Brink's (BCO) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.58%. A quarter ago, it was expected that this armored car company would post earnings of $2.49 per share when it actually produced earnings of $2.76, delivering a surprise of 10.84%.Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1.00 per share BCO New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ C ...