03:24 PM EST - Garda World Security Corporation : announced today it has successfully completed the refinancing of its existing credit facilities. The new bank financing extends the maturities to 2015 and 2016 providing reduced interest rates and lower capital repayments. More importantly, it gives the company better availability of resources to support its organic growth and bolt-on acquisition strategy. The new credit facility of $275 million consists in a $100-million revolving credit facility; $65-million three-year term loan with quarterly repayments and a $110-million four-year term loan to be repaid at maturity. Proceeds will be used to repay the existing credit facilities and provide additional availability to support growth in all operations and geographies. Garda World Security Corporation
shares T.GW are trading up $0.14 at $9.14.
