Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 143

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 143
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 93%, which increased from 87% at December 31, 2023.

Summary of Debt, Equity and Other Liquidity Information

Amount available under credit facilitiesOutstanding balanceDecember 31,December 31,(In millions)202420242023$ change(a)Debt:Short-term borrowingsOther$75.2 $149.3 151.7 $(2.4)Total Short-term borrowings$75.2 $149.3 151.7 $(2.4)Long-term debt Revolving Facility$600.3 $399.7 542.1 (142.4) Term Loans— 1,292.2 1,343.5 (51.3)Senior Unsecured Notes— 1,387.8 994.4 393.4 Letter of Credit Facilities41.0 — — — Other facilities178.4 432.1 265.8 166.3 Financing leases— 235.1 233.8 1.3 Total Long-term debt$819.7 $3,746.9 3,379.6 $367.3 Total Debt$894.9 $3,896.2 3,531.3 $364.9 Total equity$312.5 520.2 $(207.7)

(a)In addition to cash borrowings and repayments, the change in the debt balance also includes changes in currency exchange rates. 

Reconciliation of Net Debt to U.S. GAAP Measures

December 31, (In millions)20242023$ changeDebt:Short-term borrowings$149.3 151.7 $(2.4)Long-term debt3,746.9 3,379.6 367.3 Total Debt3,896.2 3,531.3 364.9 Less:Cash and cash equivalents1,395.3 1,176.6 218.7 Amounts held by cash management services operations(a)(81.3)(166.2)84.9 Cash and cash equivalents available for general corporate purposes1,314.0 1,010.4 303.6 Net Debt(a)$2,582.2 2,520.9 $61.3 

(a)Net Debt is a supplemental non-GAAP financial measure that is not required by