WillScot Mobile Mini -WillScot Announces $500.0 Million Senior Secured Notes Offering

Core Viewpoint - WillScot Holdings Corporation plans to offer $500 million in senior secured notes due 2030 to finance the redemption of its existing 2025 notes and related expenses [1][2][3] Group 1: Offering Details - The offering consists of$ 500 million aggregate principal amount of senior secured notes due 2030, which will be WSI's general second lien senior secured obligations [1] - The proceeds from the offering will be used to redeem all outstanding 6.125% senior secured notes due 2025, totaling $526.5 million, at a redemption price of 100% of the principal amount plus accrued interest [2] - The redemption of the 2025 notes is contingent upon WSI receiving sufficient proceeds from the debt financing [2][3] Group 2: Financial Strategy - WSI intends to use the net proceeds from the offering along with approximately$ 33 million of additional borrowings under the existing asset-based revolving credit facility to finance the redemption and cover related fees [3] - The notes will be offered only to qualified institutional buyers and non-U.S. persons, and will not be registered under the Securities Act [4] Group 3: Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a range of products including modular office complexes, mobile offices, and portable storage containers [7] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments [7]