debt
confidence high
sentiment neutral
materiality 0.60
WillScot issues $500M 6.625% senior secured notes due 2030; redeems $526.5M of 2025 notes
WillScot Holdings Corp
- Issues $500M aggregate principal, 6.625% senior secured notes due 2030, priced at par.
- Net proceeds of ~$493.5M, plus $33M ABL borrowings, used to redeem all $526.5M of 6.125% 2025 notes.
- Redemption conditional on completing the debt financing; closing expected March 26, 2025.
- Notes are second-lien secured; guaranteed by domestic subsidiaries and direct parent.