The Brink's Company Enters into Amended and Restated Credit Agreement

The Brink's Company has entered into an Amended and Restated Credit Agreement with Bank of America, N.A. This agreement replaces a prior credit agreement from October 17, 2017. The new agreement includes a senior secured term loan facility of $1.225 billion, replacing the existing term loans. It also establishes a $1.025 billion senior secured delayed draw term loan facility intended for the acquisition of NCR Atleos Corporation. Additionally, a revolving credit facility of $1.0 billion is in place, along with up to $600 million in additional "upsize" revolving commitments for the NCR Atleos acquisition. Proceeds from the delayed draw and upsized revolving facilities will fund the acquisition, refinance NCR Atleos debt, and cover general corporate purposes. The agreement specifies interest rates based on the Applicable Percentage plus either a base rate or Term SOFR. The term loans and revolving credit facilities mature on March 31, 2031, with customary covenants and financial requirements, including a Consolidated Net Secured Leverage Ratio not exceeding 3.50 to 1.00 and a Consolidated Interest Coverage Ratio of no less than 2.50 to 1.00. The agreement also includes customary events of default, such as change of control provisions.