Garda Announces Proposed Senior Note Offering
MONTREAL, QUEBEC, CANADA -Garda World Security Corporation announced its intention, subject to market and other conditions, to launch an offering of senior notes of US$250 million and C$75 million due 2017. This offering is part of a larger refinancing plan also involving bank financing. Garda intends to use the proceeds from this offering for general corporate purposes including the refinancing of its debt.
The notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the United States Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. investors pursuant to Regulation S and upon reliance on the accredited investor exemption in Canada. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or Canada without registration or an applicable exemption from registration requirements or an applicable exemption from the prospectus requirements of Canadian securities
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