WillScot Holdings - WSC STOCK NEWS

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced its subsidiary will redeem $65 million of its 6.125% Senior Secured Notes due 2025 on March 26, 2021. The redemption price will be 103% of the principal amount plus accrued interest. After the redemption date, interest will cease to accrue on the redeemed notes. Investors are advised to contact their brokers for information regarding the redemption payment.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced an upsized secondary offering of 12,750,000 shares by its principal shareholder, Sapphire Holding S.à r.l., priced at $27.20 per share. The offering replaces a previous plan for 10,750,000 shares. The underwriter has a 30-day option for an additional 1,912,500 shares. WillScot will not receive proceeds from this offering. Additionally, the company will repurchase 2,750,000 shares at the same price, funded through its ABL Credit Facility. The closing of the offering is expected on March 4, 2021.

WillScot Mobile Mini Holdings Corp. (WSC) announced a secondary offering of 10,750,000 shares, to be sold by its principal shareholder, Sapphire Holding S.à r.l., with a 30-day option for underwriters to purchase an additional 1,612,500 shares. The company will not receive proceeds from this offering. In conjunction, WillScot plans to buy back 2,750,000 shares from Sapphire at the same per-share price as the offering. This repurchase will be funded through borrowings under its ABL Credit Facility and is expected to close with the offering.

WillScot Mobile Mini Holdings (WSC) reported strong financial results for Q4 and full year 2020, driven by the merger with Mobile Mini. Q4 revenues increased 57.4% to $437.6 million, and annual revenues rose 28.6% to $1.37 billion. Adjusted EBITDA grew 83% year over year to $179.7 million, with a margin of 41.1%. The company generated free cash flow of $87.4 million in Q4 and $162.3 million for the year, with net income rising to $46.5 million and $71.9 million, respectively. The firm also reduced leverage to 3.8x and has no debt maturities until 2025.

WillScot Mobile Mini Holdings (Nasdaq: WSC) will host virtual private meetings at the Jefferies 2021 Global Business Services Conference on March 25, 2021, featuring CEO Brad Soultz and CFO Tim Boswell. These meetings are available by appointment only.

The company, based in Phoenix, Arizona, is a leader in modular space and portable storage solutions, formed through a merger in 2020. It operates approximately 275 locations globally with a fleet of over 350,000 units, serving diverse sectors like construction, education, and healthcare.

WillScot Mobile Mini Holdings (WSC) will present at the Bank of America Global Industrials Conference 2021 on March 16 at 2:00 p.m. EDT. CEO Brad Soultz and CFO Tim Boswell will host virtual private meetings by appointment only. Based in Phoenix, Arizona, WillScot Mobile Mini is a leader in modular space and portable storage solutions, formed from a merger in 2020. The company operates approximately 275 locations across North America and the UK, offering over 350,000 portable offices and containers to various sectors including construction, retail, and healthcare.

WillScot Mobile Mini Holdings (WSC) announced that CEO Brad Soultz and CFO Tim Boswell will host virtual private meetings at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 3, 2021. These meetings are by appointment only.

WillScot Mobile Mini, based in Phoenix, is a North American leader in modular space and portable storage solutions, formed in 2020 from the merger of WillScot and Mobile Mini. The company operates around 275 locations and has a fleet exceeding 350,000 units, serving diverse sectors including construction, healthcare, and education.

WillScot Mobile Mini Holdings (Nasdaq: WSC) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. The CEO, COO, and CFO will conduct a conference call on February 26, 2021, at 10:00 a.m. EST to discuss these results. The call can be accessed via phone or live webcast, available for 60 days post-event. WillScot Mobile Mini, a leader in modular space and portable storage solutions, operates approximately 275 locations across North America and the UK, with a fleet exceeding 350,000 units.

WillScot Mobile Mini Holdings Corp. (WSC) is set to engage in virtual private meetings at the Barclays Industrial Select Conference on February 16, 2021. CEO Brad Soultz and CFO Tim Boswell will present at 12:10 p.m. EST. As a leading provider of modular space and portable storage solutions in North America, WillScot Mobile Mini operates 275 locations with a fleet of over 350,000 units. The company was formed in 2020 from the merger of established brands and serves diverse sectors including construction, healthcare, and government.