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 expects to use the net proceeds from the offering of the notes to redeem or repurchase the $400 million aggregate principal amount of its outstanding 5.500% Senior Notes due 2025 (the "2025 Senior Notes") at or prior to maturity and to repay a portion of outstanding borrowings under its $1 billion revolving credit facility. Before applying a portion of the net proceeds to redeem or repurchase the 2025 Senior Notes as described above, the Company expects to use such portion of the net proceeds for general corporate purposes and to temporarily repay additional amounts outstanding under its revolving credit facility. The notes have not been and will not be registered under the Securities Act of 1933, as amended ("Securities Act"), or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exception from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities ...