Mobile Mini $150 million 10-year notes talked at 9½%-9¾%, pricing Monday

By Paul A. Harris

St. Louis, June 19 - Price talk of 9½%-9¾% emerged Thursday on Mobile Mini, Inc.'s upcoming sale of $150 million 10-year non-call-five senior notes (B2/BB-), according to a market source.

The deal is expected to price on Monday, the source added.

Deutsche Bank Securities and CIBC World Markets are joint bookrunners on the Rule 144A offering. JP Morgan and Fleet Securities are co-managers.

Proceeds will be used to repay a portion of approximately $222 million of revolver debt and pay related interest rate swap unwind fees.

Mobile Mini is a portable storage company based in Tempe, Ariz.

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