05:18 PM EDT, 06/12/2024 (MT Newswires) -- Brink's (BCO) said late Wednesday it closed offerings of five-year and eight-year senior unsecured notes of $400 million each.

The notes were priced at par and will mature on June 15, 2029, with an annual interest rate of 6.5% and on June 15, 2032, with a rate of 6.75%.

The company expects to use the net proceeds to redeem or repurchase $400 million of outstanding 5.5% senior notes due 2025 at or before maturity and to repay a portion of borrowings under a $1 billion revolving credit facility.