debt
confidence high
sentiment neutral
materiality 0.50
WillScot subsidiary issues $500M 6.625% Senior Notes due 2030 to refinance 2025 notes
WillScot Holdings Corp
- WSI issued $500M of 6.625% Senior Secured Notes due April 15, 2030.
- Proceeds from notes and $33M ABL facility draw will redeem $526.5M of 6.125% 2025 notes.
- Redemption is conditional on debt financing completion; expected March 27, 2025.
- Notes are secured by second-priority liens and guaranteed by certain subsidiaries.
- The new notes mature in 2030 vs. 2025 for the redeemed notes, extending debt maturity.