secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001647088-24-000007
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Mobile Mini acquires McGrath RentCorp for $3.8B, $123 per share cash or stock
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- Deal valued at ~$3.8B; McGrath shareholders elect $123 cash or 2.8211 WSC shares per share, 60% cash/40% stock mix.
- Combined 2023 pro forma revenue of $3.2B, adjusted EBITDA of $1.4B; $50M in expected run-rate operating synergies.
- Expected to generate ~$700M annual free cash flow by end of first full year post-close; EPS accretive within 12 months.
- Financing includes $875M 8-year and $875M 5-year senior secured bridges plus $750M ABL upsize to $4.45B.
- Subject to McGrath shareholder approval, HSR clearance; termination fees of $180M (antitrust) or $120M (superior proposal).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000007/0001647088-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000007/wsc-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000007

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