Williams Scotsman $150 million five-year notes talked at 10% area, pricing Wednesday

By Paul A. Harris

St. Louis, Aug. 11 - Williams Scotsman Inc.'s $150 million of five-year senior secured second lien notes (B2/B+) are talked at a yield in the 10% area, according to a syndicate source.

The deal is expected to price Wednesday morning, the source added.

Deutsche Bank Securities Inc., Banc of America Securities and CIBC World Markets are joint bookrunners on the Rule 144 deal. Fleet Securities is co-manager.

The notes will be non-callable for three years.

Proceeds will be used to repay bank debt.

Williams Scotsman is a mobile office and storage space company based in Baltimore.

© 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.