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8-K filed September 13, 2023, 7:59 PM ET ticker WSC CIK 0001647088

debt confidence high sentiment neutral materiality 0.60

WillScot Holdings Corp (WSC): debt financing — WSC subsidiary prices $500M 7.375% senior secured notes due 2031 to refinance ABL facility

WillScot Holdings Corp

WSI issues $500M 7.375% senior secured notes due 2031 at par.
Net proceeds of ~$494M to repay outstanding ABL credit facility debt.
Closing expected on or about Sept 25, 2023; notes are second-lien secured.
Notes offered only to QIBs under Rule 144A and Reg S; unregistered.
60-day lock-up on additional debt offerings without JPM consent.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WillScot Holdings Corp incurred senior notes of $500 million with J.P. Morgan Securities LLC at 7.375% maturing 2031.

Instrument: senior notes
Principal: $500 million
Counterparty: J.P. Morgan Securities LLC
Rate: 7.375%
Maturity: 2031
Event: incurrence

Exact text from the filing

WSI agreed to issue and sell $500 million in aggregate principal amount of WSI’s 7.375% Senior Secured Notes due 2031 (the “Notes”).

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Source: SEC EDGAR

accession 0001140361-23-043720

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