WillScot unit issues conditional call for 7 7/8% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, June 1 – WillScot Corp. said its indirect subsidiary Williams Scotsman International, Inc. issued a conditional call to redeem its $270 million of outstanding 7 7/8% senior notes due 2022 on July 1.

The notes will be redeemed at a price of 103.938 plus accrued interest up to but excluding the redemption date.

The redemption is subject to and conditioned upon the completion by the company or one of its subsidiaries of an issuance of at least $500 million of notes and the completion of the previously announced merger of Picasso Merger Sub, Inc., a wholly owned subsidiary of WillScot, with and into Mobile Mini, Inc. with Mobile Mini surviving.

WillScot is a Baltimore-based specialty rental services provider of modular space and portable storage solutions. Mobile Mini is a Phoenix-based provider of portable storage solutions.

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