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July 01, 2015 9:30 PM ET

Commercial Services and Supplies

Company Overview of Garda World Security Corp.

Company Overview

Garda World Security Corporation provides business solutions and security services worldwide. The company operates in two segments, Cash Services and Protective Services. The Cash Services segment’s solutions include a combination of armored transportation services, cargo aircraft, deposit processing systems, cash vault services, in-store cash control systems, and check imaging, as well as ATM services. This segment’s platform comprises approximately 280 branches, 3,100 armored and other vehicles, and 155 cargo aircraft serving various customers. The Protective Services segment offers protective services to safeguard the people and assets in various sectors, such as oil and gas sites, proper...

1390 Barré Street

Montreal, QC H3C 1N4

Canada

Founded in 1995

48,000 Employees

Phone:

514-281-2811

Fax:

514-281-2860

Key Executives for Garda World Security Corp.

Founder, Chairman, Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
President of Protective Services Canada and Chief Operating Officer of Protective Services Canada
President of International Protective Services and Chief Operating Officer of International Protective Services
President of Cash Services and Chief Operating Officer of Cash Services
Compensation as of Fiscal Year 2015.

Garda World Security Corp. Key Developments

GardaWorld Obtains Credit Facilities

GardaWorld has entered, as of May 6, 2015, into an amending agreement to its Credit Agreement dated as of November 8, 2013, with the participation of Jefferies Finance LLC. The Incremental Agreement, financed by GardaWorld's current lenders, provides a term incremental facility in an aggregate amount of USD 125 million, the proceeds of which shall be used to repay all the outstanding revolving facilities and for general corporate purposes.

Garda World Security Corporation Reports Earnings Results for the Year Ended January 31, 2014

Garda World Security Corporation reported earnings results for the year ended January 31, 2014. The company reported net loss for the year ended January 31, 2014 of CAD 102.29 million, compared to net loss of CAD 39.96 million for the year ended January 31, 2013. Revenues were CAD 1.51 billion, compared to CAD 1.35 billion for the year ended January 31, 2013. Loss before finance costs and income taxes was CAD 8.66 million, compared to a gain before finance costs and income taxes of CAD 22.85 million for the year ended January 31, 2013. Loss before income taxes for the year ended January 31, 2014 was CAD 134.81 million, compared to loss before income taxes of CAD 51.67 million for the year ended January 31, 2013.

Garda World Security Corporation Announces Commencement of Private Offering of USD 140.0 Million Aggregate Principal Amount of Additional 7.25% Senior Notes Due 2021

Garda World Security Corporation announced the commencement of a private offering of USD 140.0 million aggregate principal amount of additional 7.25% senior notes due 2021. The company intends to use the gross proceeds from the notes offering, together with cash on hand, to fund a CAD 155.0 million distribution to its equity holders and to pay related fees and expenses. The notes are expected to be treated as a single series with GardaWorld's existing USD 300.0 million aggregate principal amount of 7.25% senior notes due 2021. The notes will have substantially the same terms as those of the Existing Notes, except that the Notes will initially be subject to restrictions on transfer and will trade separately under different CUSIP and ISIN numbers until such transfer restrictions no longer apply, which will occur, at the earliest, on the date that is four months plus one day after the Notes are issued. Thereafter, holders of the Notes may transfer their Notes into the same CUSIP and ISIN as the Existing Notes issued pursuant to Rule 144A or Regulation S under the Securities Act of 1933, as amended, as applicable. The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act, in the United States only to investors who are "qualified institutional buyers," as that term is defined in Rule 144A under the Securities Act, or outside the United States pursuant to Regulation S under the Securities Act and upon reliance on the accredited investor exemption in Canada.

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