debt
confidence high
sentiment neutral
materiality 0.55
WillScot Mobile Mini subsidiary issues $500M of 6.625% Senior Secured Notes due 2029
WillScot Holdings Corp
- Issuer Williams Scotsman, Inc. sold $500M aggregate principal of 6.625% Senior Secured Notes due June 15, 2029.
- Interest payable semi-annually on June 15 and Dec 15; first payment Dec 15, 2024.
- Notes are fully and unconditionally guaranteed on a senior secured basis by certain subsidiaries; parent WillScot Mobile Mini Holdings is not a guarantor.
- Notes secured by a second-priority security interest in substantially all assets of the issuer and guarantors.
- Optional redemption at make-whole prior to June 15, 2026; thereafter at premiums declining to par; change-of-control put at 101%.