WillScot Holdings - WSC STOCK NEWS

WillScot Mobile Mini Holdings Corp. (WSC) announced the pricing of a secondary offering of 14 million shares at $27.95 per share, offered by principal shareholder Sapphire Holding S.à r.l. The underwriter, Morgan Stanley, has an option to purchase an additional 2.1 million shares within 30 days. The company will not receive proceeds from this offering. Concurrently, WillScot will repurchase 3.9 million shares from Sapphire at the same price, funded by borrowings under its ABL Credit Facility. The offering is set to close on June 25, 2021.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has announced a secondary offering of 14 million shares, primarily by Sapphire Holding S.à r.l., with a 30-day option for underwriters to purchase an additional 2.1 million shares. Notably, the company will not receive proceeds from this offering. Concurrently, WillScot plans to repurchase 3.9 million shares from Sapphire at the offering price, funded through its ABL Credit Facility. This repurchase aims to enhance shareholder value, signaling confidence in the company's future.

WillScot Mobile Mini Holdings Corp. (WSC) announced that CEO Brad Soultz and CFO Tim Boswell will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 12:00 p.m. EDT. The company, a leader in modular space and portable storage solutions, operates from 275 branch locations across North America, including the U.S., Canada, Mexico, and the U.K. WillScot Mobile Mini focuses on providing flexible workspace solutions to various sectors, highlighting its commitment to innovation and service delivery.

WillScot Mobile Mini Holdings Corp. (WSC) will present at the Baird 2021 Global Consumer, Technology & Services Conference on June 8, 2021, at 2:35 p.m. EDT. CEO Brad Soultz and CFO Tim Boswell will host private meetings during the event. The company, based in Phoenix, is a leader in turnkey modular space and portable storage solutions, operating around 275 branch locations across North America and the UK. WillScot is dedicated to innovative flexible workspace solutions serving various sectors of the economy.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced the redemption of $58.5 million in 6.125% Senior Secured Notes due 2025 on June 16, 2021. The redemption price will be 103% of the principal amount plus accrued interest. This move is part of the company's financial strategy, aimed at improving its capital structure. Investors should reach out to their brokers for details on the redemption payment. Forward-looking statements in the release highlight potential risks and uncertainties affecting future results.

WillScot Mobile Mini Holdings (WSC) announced that CEO Brad Soultz will participate in a fireside chat at the Morgan Stanley Infrastructure Symposium on May 24, 2021, from 2:15 to 3:00 p.m. EDT. WillScot Mobile Mini is a leader in turnkey modular space and portable storage solutions, operating approximately 275 branch locations across the U.S., Canada, Mexico, and the U.K. The company specializes in innovative flexible workspaces and portable storage, catering to various market sectors.

WillScot Mobile Mini Holdings (WSC) announced that all 2015 Private Warrant holders have either exercised their warrants on a cashless basis for WSC common stock or opted for cash repurchase. A total of 2.9 million shares were issued through cashless exercises, and the company repurchased remaining warrants for $20.7 million. This will eliminate the Common Stock Warrant Liability from the balance sheet as of June 30, 2021. CEO Tim Boswell noted that this transition aligns investor and shareholder interests, without impacting operational performance or GAAP metrics.

WillScot Mobile Mini Holdings Corp. (WSC) will host virtual private meetings at the Morgan Stanley Business Services Conference on May 13, 2021. CEO Brad Soultz, CFO Tim Boswell, and Director of Treasury & Investor Relations Nick Girardi will attend these appointment-only meetings. Headquartered in Phoenix, Arizona, WillScot is a leader in modular space and portable storage solutions, servicing diverse markets through approximately 275 locations across North America and the UK.

WillScot Mobile Mini Holdings (WSC) reported strong preliminary Q1 2021 results, with total revenues increasing by 66.3% to $425.3 million, thanks to the merger with Mobile Mini. Adjusted EBITDA rose 82.8% to $163.6 million, driven by higher leasing revenues, particularly in the NA Modular segment. The company increased its full year guidance for revenue to $1.79 billion and Adjusted EBITDA to $705 million. Free Cash Flow climbed to $91.2 million, while leverage improved to 3.7x. Despite net income fluctuations due to warrant adjustments, operational metrics showcased a robust performance.