S&P rates Mobile Mini notes B+

Standard & Poor's said it assigned a B+ rating to Mobile Mini Inc.'s (BB-/stable) proposed $200 million senior unsecured notes with a 5 recovery rating, indicating expectations of 10% to 30% recovery.

Proceeds will be used to redeem the company's $200 million senior unsecured notes.

Ratings reflect the company's aggressive financial profile and exposure to cyclicality in some end markets, the agency said.

The company's leading market position and its ability to significantly curtail capital spending in periods of weak demand somewhat offset these weaknesses, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.