Brinks Secures Additional Term Loan Financing of $590 Million
The Brinks Company, rated No. 3 on the SDM 100, today announced that it has secured additional term loan financing of $590 million, which is expected to increase liquidity to approximately $1.5 billion upon closing. The new financing will be provided by the company’s existing bank group under the same pricing and conditions as the existing credit facility. Brinks has no long-term debt maturities until 2024.
On Feb. 26, Brinks announced the acquisition of the G4S cash businesses in 17 markets, which is expected to close in multiple transactions throughout 2020. Upon the completion of the acquisition, Brinks is expected to have available liquidity of approximately $800 million.