Welcome to our dedicated page for Brinks news (Ticker: BCO), a resource for investors and traders seeking the latest updates and insights on Brinks stock.
The Brink's Company reports developments tied to its global cash and valuables management business, digital retail solutions and ATM managed services. News commonly covers financial results, segment performance, recurring AMS and DRS customer offerings, and activity across customer groups that include financial institutions, retailers, government agencies, mints, jewelers and commercial operations.
Company updates also include capital-structure and shareholder-return actions such as dividends and share repurchases, along with governance matters, shareholder voting items, material agreements and risk disclosures. Brink's operates through a global network spanning North America, Latin America, Europe and other international markets.
The Brink’s Company (NYSE: BCO) has successfully closed a $400 million offering of 5-year senior unsecured notes with a 5.5% annual interest rate, maturing in July 2025. Proceeds will partially refinance existing debt from the G4S Cash acquisitions, finance remaining acquisitions, and cover related expenses. The company’s pro forma net debt will remain unchanged, with a first lien leverage ratio of 2.0x and expected liquidity of $1.2 billion as of March 31, 2020.
The Brink's Company (NYSE:BCO) announced the pricing of $400 million in 5-year senior unsecured notes, maturing on July 15, 2025, at an interest rate of 5.5%. The offering, expected to close on June 22, 2020, will help repay existing debts from acquiring G4S Cash businesses and cover related expenses. Additionally, proceeds will support working capital and other corporate needs. The notes will be privately offered and are not registered under the Securities Act.
The Brink's Company (NYSE: BCO) announced its plan to offer $400 million of 5-year senior unsecured notes, contingent on market conditions. The proceeds will primarily be used to repay existing debt from the acquisition of G4S Cash businesses and to finance subsequent acquisitions, alongside covering transaction fees. The notes will be issued to qualified institutional buyers and will not be registered under the Securities Act. Brink's, a leader in cash management and secure logistics, operates in over 48 countries, serving various sectors including financial institutions and retailers.
The Brink's Company (NYSE: BCO) announced an amendment to its credit agreement on June 12, 2020, providing long-term covenant relief and enhanced strategic flexibility. The amendment changes the leverage ratio calculation to a net first lien leverage ratio, excluding approximately $600 million in unsecured debt. For the remainder of 2020, the maximum leverage ratio is set at 4.25x. The pro forma leverage ratio post-G4S acquisition is 2.6x based on Adjusted EBITDA. CEO Doug Pertz emphasized the financial flexibility gained amid the ongoing impact of COVID-19.
The Brink’s Company (NYSE: BCO), a leader in cash management and secure logistics, announced that its CEO Doug Pertz and CFO Ron Domanico will present at the Baird 2020 Global Consumer, Technology & Services Conference on June 2, 2020, at 10:50 A.M. ET. The management team will be available for investor meetings throughout the day. A live audio webcast of the presentation will be accessible through their website. Brink’s operates in 47 countries and provides services to a diverse clientele including financial institutions and retailers.
The Brink’s Company (NYSE: BCO) has announced a quarterly dividend of 15 cents per share on its common stock, payable on June 1, 2020. Shareholders of record by May 18, 2020 will receive this dividend. Brink’s, a leader in secure logistics and cash management, operates globally in 47 countries and serves clients across more than 100 countries, including financial institutions and retailers.
The Brink's Company (NYSE:BCO) reported Q1 2020 results showing a 55% decrease in GAAP operating profit to $26 million, negatively impacted by COVID-19 ($13 million) and adverse currency translation ($15 million GAAP). EPS fell to $0.03 from $0.27. Despite these challenges, management anticipates a recovery, expecting the second quarter to be the low point with improved results in the second half driven by cost reductions. The ongoing acquisition of G4S cash operations is on track, with an expected liquidity of $800 million post-acquisition.
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