The Brink's Company announced the closing of a $1.5 billion credit facility that includes a $1.0 billion senior secured revolving credit facility and a $500 million senior secured term loan A. Loans under the revolver and term loan mature in 2022 and interest rates float based on a consolidated net leverage grid.

Wells Fargo Bank, National Association, served as Administrative Agent,according to an SEC filing.

The Company and its subsidiary borrowers borrowed approximately $120 million under the Credit Facility at closing and used the proceeds, together with the proceeds of the term loan, to repay the aggregate principal amount outstanding and interest due under the Previous Agreement, to pay fees, costs and expenses incurred in connection with the transactions contemplated by the Credit Facility and for general corporate purposes, including prepayment of certain other existing indebtedness. No early termination penalties were paid by the Company in respect of the termination of the Previous Agreement.

The announcement was made in conjunction with the closure of its previously announced 10-year senior unsecured notes offering in an aggregate principal amount of $600 million.  The notes were priced at par with an annual interest rate of 4.625% and will mature in October 2027.

Proceeds are expected to be used to repay certain existing indebtedness and certain fees and expenses related to the closing of the transactions. Remaining net proceeds are expected to be used for working capital needs, capital expenditures, acquisitions and other general corporate purposes.