Brink's Prices $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
Summary
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. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Words such as "anticipate," "assume," "estimate," "expect," target, "project," "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in this release includes, but is not limited to, the offering of the notes and the details thereof, including the proposed use of proceeds therefrom.Forward-looking information in this release is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated. These risks, uncertainties and contingencies, many of which are beyond the Companys control, include, but are not limited to: the Companys ability to improve profitability and execute further cost and operational improvements and efficiencies in its core businesses; the Companys ability to improve service levels and quality in its core businesses; market volatility and commodity price fluctuations; general economic issues, including supply chain disruptions, fuel price increases, inflation, and changes in interest rates; seasonality, pricing and other competitive industry factors; investment in information technology (IT) and its impact on revenue and profit growth; the Companys ability to maintain an effective IT infrastructure and safeguard confidential information, including from a cybersecurity incident; the Companys ability to effectively develop and implement solutions for its customers; risks associated with operating in foreign countries, including changing political, labor and economic conditions (including political conflict or unrest), regulatory issues (including the imposition of international sanctions, including by the U.S. government), military conflicts (including but not limited to the conflict in Israel and surrounding areas, as well as the possible expansion of such conflicts and potential geopolitical consequences), currency restrictions and devaluations, restrictions on and cost of repatriating earnings and capital, impact on the Companys financial results as a result of jurisdictions higher than expected inflation and those determined to be highly inflationary, and restrictive government actions, including nationalization; labor issues, including labor shortages negotiations with organized labor and work stoppages; pandemics, acts of terrorism, strikes or other extraordinary events that negatively affect global or regional cash commerce; anticipated cash needs in light of the Companys current liquidity position; the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates; the Companys ability to identify, evaluate and complete acquisitions and other strategic transactions and to successfully integrate acquired companies; costs related to dispositions and product or market exits; the Companys ability to obtain appropriate insurance coverage, positions taken by insurers relative to claims and the financial condition of insurers; safety and security performance and loss experience; employee and environmental liabilities in connection with former coal operations, including black lung claims; the impact of the Patient Protection and Affordable Care Act on legacy liabilities and ongoing operations; funding requirements, accounting treatment, and investment performance of the Companys pension plans, the VEBA and other employee benefits; changes to estimated liabilities and assets in actuarial assumptions; the nature of hedging relationships and counterparty risk; access to the capital and credit markets; the Companys ability to realize deferred tax assets; the outcome of pending and future claims, litigation, and administrative proceedings; public perception of the Companys business, reputation and brand; changes in estimates and assumptions underlying critical accounting policies; and the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations.This list of risks, uncertainties and contingencies is not intended to be exhaustive.