debt
confidence high
sentiment positive
materiality 0.50
WillScot Holdings amends ABL credit facility, extends to 2030, reduces size to $3.0B
WillScot Holdings Corp
- Maturity extended to October 16, 2030.
- Interest spreads reduced: up to 137.5 bps over SOFR/CORRA, 37.5 bps over base.
- Revolving commitments reduced from $3.7B to $3.0B to lower undrawn line fees.
- Accordion feature increased from $750M to $1.0B for additional capacity.
- UK commitments removed as no UK borrowers exist.