debt
confidence high
sentiment neutral
materiality 0.55
WillScot Mobile Mini prices $500M 6.625% senior secured notes due 2029
WillScot Holdings Corp
- WSI issued $500M aggregate principal of 6.625% senior secured notes due 2029, priced at 100% of par.
- Net proceeds of ~$493.5M to repay outstanding ABL facility borrowings and pay fees/expenses.
- Notes are second lien senior secured, guaranteed by domestic subsidiaries and direct parent.
- Offered only to QIBs under Rule 144A and non-U.S. persons under Regulation S; not registered under Securities Act.
- Closing expected on or about June 28, 2024, subject to customary conditions.