Lenders’ £180m G4S GardaWorld payday hangs in the balance

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By Mike Turner
03 Dec 2020

GardaWorld, the Canadian security company, made its final pitch for larger UK rival G4S on Wednesday, raising the offer to £3.68bn in a deal that will land the lenders up to £180m in fees.

GardaWorld has been in hostile pursuit of G4S since the summer and has increased its offer twice, starting at £3bn before bumping it up to £3.2bn in October.

The borrower has lined up a raft of loan facilities totalling $4.55bn and €1.29bn for the acquisition.

Barclays, Bank of America, ...

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