Brink’s secures additional term loan financing of $590 million

Brink’s secures additional term loan financing of $590 million.says expected to increase liquidity to approximately $1.5 billion upon closing.says has no long-term debt maturities until 2024..says upon completion of g4s acquisition it expects to have available liquidity of approximately $800 million.has withdrawn its 2020 guidance and plans to provide an update on business conditions when it releases first-quarter 2020 results.taking action to reduce direct, variable costs in response to temporary near-term revenue declines related to covid-19.substantially reducing capital expenditures and closely managing working capital to maximize free cash flow.
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