Algeco Scotsman Announces Cancellation of Certain Senior Secured Notes and Senior Unsecured Notes
BALTIMORE, MD--(Marketwired - Dec 5, 2017) - Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, the "Algeco Group") today announced that its subsidiary, Algeco Scotsman Global S.à r.l. ("Holdings"), has released and forgiven the principal amount (excluding accrued interest) owed by its subsidiary, Algeco Scotsman Global Finance plc (the "Issuer"), under:
(i) $106,150,000 aggregate principal amount of 8 1/2% Senior Secured Notes due 2018 (the "Cancelled Senior Secured Notes"); and
(ii) $143,850,000 aggregate principal amount of 10 3/4% Senior Unsecured Notes due 2019 (the "Cancelled Senior Unsecured Notes" and, together with the Cancelled Senior Secured Notes, the "Cancelled Notes").
As previously announced, the Algeco Group's sponsor, TDR Capital, equitized the Cancelled Notes on November 30, 2017. Under the equitization, Holdings ultimately received the Cancelled Notes from its immediate parent, Algeco Scotsman Limited Partnership SLP, pursuant to an equity contribution. The release and forgiveness of the Cancelled Notes was agreed on November 30, 2017, and effectuated on December 1, 2017, by way of cancellation pursuant to Section 2.11 of the relevant indenture.
Following cancellation of the Cancelled Notes, the following amounts remain outstanding under the Notes:
(i) $1,063,850,000 aggregate principal amount of 8 1/2% Senior Secured Notes due 2018;
(ii) EUR275,000,000 aggregate principal amount of 9% Senior Secured Notes due 2018; and
(iii) $601,150,000 aggregate principal amount of 103 /4 % Senior Unsecured Notes due 2019.
No representation is being made as to the correctness or accuracy of the ISIN and CUSIP numbers, as applicable, printed on the Cancelled Notes and listed above.
About Algeco Scotsman
Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 24 countries with a modular fleet of approximately 201,000 units and 11,400 remote accommodations rooms. The company operates as Target Logistics in North America, Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.
Investor Relations Contact:
Vice President, Finance
Information om Marketwired
Følg pressemeddelelser fra Marketwired
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Marketwired
Bombardier Inc.15.2.2018 12:39 | pressemeddelelse
Bombardier Reports Fourth Quarter and Full Year 2017 Results
Bombardier Inc.14.2.2018 17:21 | pressemeddelelse
REMINDER/Media Advisory: Bombardier to report Fourth Quarter and Full Year 2017 Financial Results on February 15, 2018
Bombardier Inc.8.2.2018 17:01 | pressemeddelelse
Media Advisory: Bombardier to report Fourth Quarter and Full Year 2017 Financial Results on February 15, 2018
Lifesize, Inc.6.2.2018 08:01 | pressemeddelelse
Lifesize Drives Relentless Innovation, Boosts Customer Satisfaction With New Integrations, Features and Updates
Librestream Technologies Inc.24.1.2018 17:01 | pressemeddelelse
Librestream Announces the Onsight Cube, First Multi-Purpose Industrial Wearable Designed for Remote Mentoring in Ex-Rated Environments
Silexica16.1.2018 14:31 | pressemeddelelse
Silexica partners with Fujitsu on next-generation base station projects
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum