WillScot Announces Partial Redemption of Senior Secured Notes Due 2022
November 13 2019 - 4:05PM
WillScot Corporation (“WillScot” or the “Company”) (Nasdaq: WSC),
the specialty rental services market leader providing innovative
modular space and portable storage solutions across North America,
today announced that its indirect subsidiary, Williams Scotsman
International, Inc., will redeem $30,000,000 in aggregate principal
amount of its outstanding 7.875% Senior Secured Notes due 2022 (the
“Notes”) on December 13, 2019 (the “Redemption Date”).
The Notes will be redeemed for a redemption price equal to 103%
of the principal amount of the Notes redeemed plus accrued and
unpaid interest to but not including the Redemption Date (together,
the “Redemption Payment”). From and after the Redemption Date, all
interest will cease to accrue on the Notes redeemed.
Investors in the Notes should contact the bank or broker through
which they hold a beneficial interest in the Notes for information
about obtaining the Redemption Payment for the Notes redeemed in
which they have a beneficial interest.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities Exchange Act of 1934, as
amended. The words “estimates,” “expects,” “anticipates,”
“believes,” “forecasts,” “plans,” “intends,” “may,” “will,”
“should,” “shall,” "outlook" and variations of these words and
similar expressions identify forward-looking statements, which are
generally not historical in nature. Forward-looking statements are
subject to a number of risks, uncertainties, assumptions and other
important factors, many of which are outside our control, which
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Although
WillScot believes that these forward-looking statements are based
on reasonable assumptions, it can give no assurance that any such
forward-looking statement will materialize. Important factors that
may affect actual results or outcomes include, among others, our
ability to acquire and integrate new assets and operations; our
ability to achieve planned synergies related to acquisitions; our
ability to manage growth and execute our business plan; our
estimates of the size of the markets for our products; the rate and
degree of market acceptance of our products; the success of other
competing modular space and portable storage solutions that exist
or may become available; rising costs adversely affecting our
profitability (including cost increases resulting from tariffs);
potential litigation involving our Company; general economic and
market conditions impacting demand for our products and services;
implementation of tax reform; our ability to implement and maintain
an effective system of internal controls; and such other risks and
uncertainties described in the periodic reports we file with the
SEC from time to time including our Form 10-K for the year ending
December 31, 2018 and our Form 10-Q for the quarter ended September
30, 2019, which are available through the SEC’s EDGAR system at
www.sec.gov and on our website. Any forward-looking statement
speaks only at the date which it is made, and WillScot disclaims
any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
About WillScot Corporation
Headquartered in Baltimore, Maryland, WillScot is the public
holding company for the Williams Scotsman family of companies.
WillScot trades on Nasdaq under the ticker symbol “WSC” and is the
specialty rental services market leader providing innovative
modular space and portable storage solutions across North America.
WillScot is the modular space supplier of choice for the
construction, education, health care, government, retail,
commercial, transportation, security and energy sectors. With over
half a century of innovative history, organic growth and strategic
acquisitions, WillScot serves a broad customer base from over 120
locations throughout the U.S., Canada and Mexico, with a fleet of
approximately 150,000 modular space and portable storage units.
Contact Information
Investor Inquiries:
Mark Barbalatoinvestors@willscot.com
Media Inquiries:
Scott Junkscott.junk@willscot.com
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