RICHMOND, Va., Sept. 29, 2017 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO) today announced its intent to enter into a new $1.5 billion senior secured credit facility that includes a $1.0 billion revolving credit facility and a $500 million term loan A facility. Loans under the revolver and the term loan will mature five years after the closing of the credit facility and interest rates will float based on the company’s consolidated net leverage levels.

Proceeds from the term loan are expected to be used in part to repay the existing revolving credit facility, certain other existing indebtedness and certain fees and expenses related to the closing of financing transactions. Remaining net proceeds are expected to be used for working capital needs, capital expenditures, acquisitions and other general corporate purposes.

About The Brink’s Company

The Brink’s Company (NYSE:BCO) is the world’s premier provider of cash management, secure logistics and security solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), international transportation of valuables, and payment services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 40 countries serve customers in more than 100 countries. For more information, please visit our website at www.Brinks.com or call 804-289-9709.