Brink's Plans $400 Million Offering-February 2024-www.financetom.com

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Brink's Plans $400 Million Offering

Jun 4, 2024 6:09 AM

08:52 AM EDT, 06/04/2024 (MT Newswires) -- Brink's Company (BCO) said Tuesday it plans to issue $400 million of 5-year senior unsecured notes.

The proceeds, along with available cash on hand, will be used to redeem or repurchase its existing issue of $400 million 5.5% senior notes due 2025, the company said.

Before redeeming the 2025 senior notes, Brink's said it will use the net proceeds to temporarily repay outstanding amounts under its $1 billion revolving credit facility.

Brink's shares were 1% lower in premarket trading.

Price: 102.00, Change: -1.03, Percent Change: -1.00

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