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Latham Advises on WillScot Mobile’s US$500 Million Senior Secured Notes Offering

June 17, 2024
Capital markets and banking team represented the initial purchasers in the flexible space solutions provider’s offering.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, has announced that its indirect subsidiary, Williams Scotsman, Inc. (WSI), has priced its offering of US$500 million aggregate principal amount of 6.625% senior secured notes due 2029. The closing of the offering of the notes is expected to occur on or about June 28, 2024, subject to customary closing conditions. WSI intends to use the net proceeds of the offering to repay approximately US$493.5 million of outstanding borrowings under its existing ABL credit facility and to pay related fees and expenses.

Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by New York partners Keith Halverstam, Benjamin Cohen, and John Slater, with associates Sara Johnson, Akina Newbraugh, and Victoria Allen. Advice on finance matters was provided by New York partners Michèle Penzer and Abhay Lele, with associate Angelika Ishkhanyan.