Algeco/Scotsman units extend $1.1 billion asset-based revolver to 2018

By Wendy Van Sickle

Columbus, Ohio, March 31 – Algeco/Scotsman Holding Sarl’s U.S., Canadian, U.K., Australian and New Zealand subsidiaries amended their revolving syndicated ABL facility agreement with Bank of America, NA as collateral agent and administrative agent to extend the maturity date to July 10, 2018 and provide for maximum availability of $1.1 billion, according to a press release.

The actual amount that can be borrowed is based on a formula of available borrowing base assets.

Algeco Scotsman is a Baltimore-based business services provider focused on modular space and secure portable storage services.

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