The Caisse de dépôt et placement du Québec has invested $62.5 million in the form of a term loan in Garda World Security Corporation, a Montreal-based company specializing in security solutions, cash logistics and risk management advisory services.
The total refinancing, which was led by TD Securities, includes of a $100-million credit facility and a total of $175 million in term loans, of which $65 million matures in three years and $110 million matures in four years.
In addition to TD and the Caisse, other participants in the financing were GE Capital and Desjardins Capital.
Garda provides services such as armoured-car delivery of cash to financial institutions and security guards and airport passenger screeners, including at Toronto Pearson International Airport.