Image Source: AsiaOne
WillScot Mobile Mini Announces Pricing of $500 Million Senior Secured Notes Offering GlobeNewswire August 11, 2020 PHOENIX, Aug. 11, 2020 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in turnkey modular space and portable storage solutions, today announced that its indirect subsidiary Williams Scotsman International, Inc. (the “WSII”) has priced its offering of $500 million in aggregate principal amount of 4.625% senior secured notes due 2028 (the “Notes”). WillScot Mobile Mini intends to use the offering proceeds to redeem all $441 million in aggregate principal amount remaining outstanding of WSII’s 6.875% senior secured notes due 2023 (the “2023 Notes”), after giving effect to the redemption of 10% of the aggregate principal amount of the 2023 Notes, as announced on July 27, 2020. The remaining net proceeds from the offering, if any, will be used for working capital and general corporate purposes (which may include a repayment of a portion of WSII’s existing ABL credit facility).
Source: AsiaOne