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Stock impact report

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

Brinks Company (The) (BCO) 
Last brinks company (the) earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: GlobeNewswire
RICHMOND, Va., June 12, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) (the “Company”) today announced that it has closed its previously announced offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes were priced at par, will mature on June 15, 2029 and June 15, 2032, respectively, and bear an annual interest rate of 6.500% and 6.750%, respectively. Kurt McMaken, executive vice president and CFO, said: “We are pleased with the results of our refinancing. We were able to extend and diversify our future debt maturities, increase liquidity, and maintain leverage within our targeted range. We do not expect this transaction to have a meaningful impact on our 2024 interest expense or our existing EPS guidance range. With the transaction behind us, we remain focused on creating value for our shareholders through operational execution and disciplined capital management.” The Company e Show less Read more
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