Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 19

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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  Total short-term borrowings      $                138.3             149.3               
  Long-term debt                                                                          
  Bank credit facilities:                                                                 
  Term loans (a)                   $              1,275.2                        1,292.2  
  Senior unsecured notes (b)                      1,388.2                        1,387.8  
  Revolving Credit Facility        468.6                              399.7               
  Other facilities (c)             366.0                              432.1               
  Financing leases                 245.3                              235.1               
  Total long-term debt             $              3,743.3                        3,746.9  
  Total debt                       $              3,881.6                        3,896.2  
  Included in:                                                                            
  Current liabilities              $                284.7             291.0               
  Noncurrent liabilities                          3,596.9                        3,605.2  
  Total debt                       $              3,881.6                        3,896.2  

(a) Amounts outstanding are net of unamortized debt costs of $ 2.3 2.8

(b) Amounts outstanding are net of unamortized debt costs of $ 11.8 12.2

(c) Includes Other Revolving Credit Facilities of $ 282 359

Long-Term Debt

Senior Secured Credit Facility

In June 2022, we amended our senior secured credit facility (the “ Senior Secured Credit Facility”) with Bank of America, N. A. as administrative agent. After the amendment, the Senior Secured Credit Facility consisted of a $ 1 1.4

All loans under the Revolving Credit Facility and the Term Loans mature on June 23, 2027. Principal payments for the Term Loans are due quarterly in an amount equal to 0.625 eight 1.25 531

The margin on both SOFR and alternate base rate borrowings under the Senior Secured Credit Facility is based on the Company’s total net debt leverage ratio. The margin on SOFR borrowings, which can range from 1.25 1.75 1.50 0.25 0.75 0.50 0.15 0.28 0.23

Senior Unsecured Notes

In June 2024, we issued at par five-year 400 6.5