Brink's Closes $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering

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].