WillScot Mobile Mini hedges $500M ABL debt with two SOFR swaps at 3.7025%

WillScot Holdings Corp

Entered $300M swap with Deutsche Bank AG, effective Jan 18, 2024, maturing June 30, 2027.
Entered $200M swap with US Bank National Association, same terms and maturity.
Both swaps fix rate at 3.7025% vs 1-month term SOFR, hedging variable-rate ABL facility.
Total notional $500M; designated as cash flow hedges for interest payment exposure.

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