debt
confidence high
sentiment neutral
materiality 0.60
Brink's upsizes notes offering to $800M; prices 5-yr at 6.500% and 8-yr at 6.750%
BRINKS CO
- Initial $400M 5-year notes announced June 4; upsized to include $400M 8-year notes on June 5.
- 5-year notes (2029) at 6.500%, 8-year notes (2032) at 6.750%, issued at par.
- Proceeds to redeem $400M of 5.500% Senior Notes due 2025 and temporarily repay revolver.
- Offering expected to close June 12, 2024; notes are unsecured and guaranteed by U.S. subsidiaries.