secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001647088-24-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000002/0001647088-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000002/wsc-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer