WillScot Mobile Mini Enters Material Definitive Agreement

TL;DR

WSC just signed a big deal, likely involving debt. Keep an eye on their financials.

AI Summary

On June 28, 2024, WillScot Mobile Mini Holdings Corp. entered into a Material Definitive Agreement related to a direct financial obligation. The company, formerly known as WillScot Corp and Double Eagle Acquisition Corp., is incorporated in Delaware and headquartered in Phoenix, AZ.

Why It Matters

This filing indicates a significant financial commitment or obligation for WillScot Mobile Mini Holdings Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.

Key Players & Entities

• WillScot Mobile Mini Holdings Corp. (company) — Registrant
• WillScot Corp (company) — Former Company Name
• Double Eagle Acquisition Corp. (company) — Former Company Name
• June 28, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share WSC The Nasdaq Capital Market
• $500 million — cas, as trustee, governing the terms of $500 million aggregate principal amount of WSI's 6.6
• $2,000 — to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in ex
• $1,000 — al to $2,000 or an integral multiple of $1,000 in excess thereof) of each holder's Not
• $200.0 million — es in the aggregate principal amount of $200.0 million or more; failure by WSI or any Restric
• $200.0 m — inal judgments aggregating in excess of $200.0 million, which are not covered by indemni

Filing Documents

• wsc-20240628.htm (8-K) — 42KB
• ex41-indenture2029notes.htm (EX-4.1) — 1269KB
• wsc-20240628_g1.jpg (GRAPHIC) — 11KB
• 0001647088-24-000120.txt ( ) — 1693KB
• wsc-20240628.xsd (EX-101.SCH) — 2KB
• wsc-20240628_lab.xml (EX-101.LAB) — 22KB
• wsc-20240628_pre.xml (EX-101.PRE) — 13KB
• wsc-20240628_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement On June 28, 2024, Williams Scotsman, Inc., a Maryland corporation ("WSI") and indirect subsidiary of WillScot Mobile Mini Holdings Corp., a Delaware corporation (the "Company"), WSI's parent, Williams Scotsman Holdings Corp., a Delaware corporation ("Holdings"), and certain of WSI's direct and indirect subsidiaries (together with Holdings, collectively, the "Guarantors") entered into an Indenture (the "Indenture") among WSI, the Guarantors and Deutsche Bank Trust Company Americas, as trustee, governing the terms of $500 million aggregate principal amount of WSI's 6.625% Senior Secured Notes due 2029 (the "Notes"). Interest and Maturity The Notes will mature on June 15, 2029, and interest is payable on the Notes semiannually in cash in arrears on each June 15 and December 15 prior thereto. The first interest payment date for the Notes will be December 15, 2024. The Notes are fully and unconditionally guaranteed on a joint and several senior secured basis by each of the Guarantors. Guarantees and Security The Notes are unconditionally guaranteed on a senior secured basis by the Guarantors. The Company is not a guarantor of the Notes. WSI and the Guarantors are borrowers or guarantors under a senior secured asset-based revolving credit facility (as amended, restated, supplemented or otherwise modified from time to time, the "ABL Facility") by and among WSI, the Guarantors, Bank of America, N.A., as administrative agent and collateral agent, and the other lenders named therein. To the extent the lenders under the ABL Facility release any Guarantor's guarantee of the obligations in respect of the ABL Facility, such Guarantor will also be released from its guarantee obligations in respect of the Notes. The Notes and the guarantees of the Notes by the Guarantors are secured by a second-priority security interest in substantially all of the assets of WSI and the Guarantors (subject to customary exclusions). O

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information in Item 1.01 above is incorporated by reference into this Item 2.03.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit Description 4.1 Indenture, dated as of June 28, 2024, by and among WSI, the Guarantors and Deutsche Bank Trust Company Americas, as trustee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. WillScot Mobile Mini Holdings Corp. Dated: June 28, 2024 By: /s/ Hezron Timothy Lopez Name: Hezron Timothy Lopez Title: Executive Vice President, Chief Legal & Compliance Officer & ESG

View Full Filing

View this 8-K filing on SEC EDGAR