Mobile Mini amends revolver, lowers interest rate

By Sara Rosenberg

New York, Aug. 9 - Mobile Mini Inc. amended its senior secured revolving credit facility to lower its grid-based interest rates at different levels of leverage, resulting in a current rate reduction to Libor plus 200 basis points from Libor plus 225 basis points, according to a 10-Q filed with the Securities and Exchange Commission on Monday.

The amendment was completed on Aug. 1.

At June 30, unused borrowing availability was about $91.1 million under the revolver.

Mobile Mini is a Tempe, Ariz., provider of portable storage solutions.

© 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.