WillScot Announces Pricing of Senior Secured Notes Offering
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WillScot Holdings Corporation announced the pricing of a $500 million senior secured notes offering at 6.625% due 2030 by its subsidiary Williams Scotsman, Inc. The notes were priced at 100% of their face value, with the closing expected around March 26, 2025.
March 12, 2025 | 9:30 pm
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NEUTRAL IMPACT
WillScot Holdings Corporation has priced a $500 million senior secured notes offering at 6.625%, due 2030. This move could impact the company's financial structure and interest expenses.
The issuance of $500 million in senior secured notes at 6.625% will affect WillScot's financial structure, potentially increasing interest expenses. However, the impact on stock price is neutral in the short term as it is a standard financial maneuver.
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