WillScot Announces Conditional Redemption of Senior Secured Notes Due 2022
WillScot Corporation (Nasdaq: WSC) announced that its subsidiary, Williams Scotsman International, Inc., will conditionally redeem all $270 million of its 7.875% Senior Secured Notes on July 1, 2020. This redemption is contingent upon the successful issuance of at least $500 million in new notes and the completion of the merger with Mobile Mini, Inc. The redemption price will be 103.938% of the principal amount, plus accrued interest to the redemption date. Investors are advised to contact their brokers for details on the redemption payment.
- Conditional redemption of $270 million in Senior Secured Notes may strengthen financial position.
- Merger with Mobile Mini could enhance business capabilities and market reach.
- Redemption is contingent upon issuing new notes of at least $500 million, posing potential financing risks.
BALTIMORE, Md., June 01, 2020 (GLOBE NEWSWIRE) -- WillScot Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that its indirect subsidiary, Williams Scotsman International, Inc. (“WSII”), is conditionally calling for redemption of all
The Notes will be redeemed for a redemption price equal to
Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about obtaining the Redemption Payment for the Notes redeemed in which they have a beneficial interest.
About WillScot Corporation
Headquartered in Baltimore, Maryland, WillScot is the public holding company for the Williams Scotsman family of companies. WillScot trades on the Nasdaq stock exchange under the ticker symbol "WSC," and is the specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, WillScot serves a broad customer base from approximately 120 locations throughout the United States, Canada and Mexico, with a fleet of approximately 150,000 modular space and portable storage units.
Contact Information
Investor Inquiries:
Mark Barbalato
investors@willscot.com
Media Inquiries:
Scott Junk
scott.junk@willscot.com
FAQ
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