Welcome to our dedicated page for WillScot Holdings news (Ticker: WSC), a resource for investors and traders seeking the latest updates and insights on WillScot Holdings stock.
WillScot Holdings Corp (WSC) delivers innovative modular space solutions for construction, healthcare, education, and industrial sectors. This news hub provides investors and industry professionals with essential updates on corporate developments, operational milestones, and market leadership in temporary infrastructure solutions.
Access authoritative coverage of WSC's earnings reports, strategic partnerships, product innovations, and regulatory filings. Our curated news collection simplifies tracking the company's progress in advancing mobile office technologies and scalable workspace systems.
Discover updates across key categories including financial performance, acquisitions, sustainability initiatives, and engineering advancements. All content undergoes rigorous verification to ensure accuracy and relevance for decision-makers.
Bookmark this page for streamlined access to WSC's evolving story in the modular construction industry. Check regularly for neutral, fact-based reporting that supports informed analysis of the company's market position.
WillScot Mobile Mini Holdings Corp (WSC) announced its Q2 2020 financial results, highlighting revenues of $256.9 million, a 2.6% decline year-over-year. Modular leasing revenue rose by 2.3%, while average rental rates increased by 9.5%. Adjusted EBITDA reached $97.5 million, an 11.4% increase, and free cash flow rose to $39.0 million. Mobile Mini's revenues fell 12%, but adjusted EBITDA margins improved to 42.6%. Both companies experienced sequential demand improvements from April 2020, with pending orders down 5% compared to the previous year.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced its indirect subsidiary, Williams Scotsman International, Inc., will redeem $49 million of its 6.875% Senior Secured Notes due 2023 on August 11, 2020. The redemption price is set at 103% of the principal amount, plus any accrued interest. Post-redemption, interest will cease to accrue on the notes. Investors holding these notes should contact their bank or broker for details regarding the redemption payment.
WillScot Mobile Mini Holdings (Nasdaq: WSC) plans to release its second quarter 2020 financial results on August 10, 2020, before market opening. A conference call with CEO Bradley Soultz, COO Kelly Williams, and CFO Timothy Boswell will follow at 10:00 a.m. EDT to discuss the results. Investors can access the live call by dialing (855) 312-9420 or via a webcast on the company’s website. WillScot, formed in 2020 through a merger, operates approximately 275 locations across North America and has a fleet of over 350,000 portable solutions.
WillScot Corporation has successfully completed its merger with Mobile Mini, creating WillScot Mobile Mini Holdings Corp., trading under the symbol WSC on Nasdaq starting July 2, 2020. This merger aims to enhance operational efficiency and shareholder value by combining complementary strengths in modular space and portable storage sectors.
The merger was supported by a new $2.4 billion credit facility and $650 million in senior secured notes, allowing for a strong liquidity position with approximately $900 million available. The new entity is positioned for growth amid a challenging economic backdrop.
On June 24, 2020, WillScot and Mobile Mini announced substantial approval from their stockholders for a merger that combines their rental service businesses. With over 95% of stockholder votes in favor, the merger is set to close on July 1, 2020, creating WillScot Mobile Mini Holdings Corp., which will trade on Nasdaq under the symbol WSC. This merger aims to enhance market presence, operational efficiency, and customer service across the U.S., U.K., and Canada, leveraging the significant rental fleets and established locations of both companies.
On June 15, 2020, WillScot Corporation (Nasdaq: WSC) announced the completion of a $650 million offering of 6.125% senior secured notes due 2025. The funds will be utilized alongside a $2.4 billion ABL credit facility to refinance debt related to the upcoming merger with Mobile Mini. This includes paying off existing ABL facilities and redeeming senior notes. The notes, sold to qualified institutional buyers, will be subject to a mandatory redemption if the merger does not close by a specified date.
WillScot Corporation (WSC) has announced the pricing of its offering of $650 million in 6.125% senior secured notes due 2025, increased from a previous offering of $500 million. The proceeds will be used for refinancing existing debt related to the proposed merger with Mobile Mini, which includes repaying outstanding debts under various secured facilities. The notes are offered in a private placement and are expected to close on June 15, 2020. Investors are advised to consider the risks associated with the offering as detailed in the prospectus and related documents.
WillScot Corporation (Nasdaq: WSC) announced that its subsidiary, Williams Scotsman International, Inc., will conditionally redeem all $270 million of its 7.875% Senior Secured Notes on July 1, 2020. This redemption is contingent upon the successful issuance of at least $500 million in new notes and the completion of the merger with Mobile Mini, Inc. The redemption price will be 103.938% of the principal amount, plus accrued interest to the redemption date. Investors are advised to contact their brokers for details on the redemption payment.
WillScot Corporation (Nasdaq: WSC), a leader in specialty rental services, has announced that its President and CEO, Brad Soultz, along with CFO Tim Boswell, will attend Deutsche Bank's 2020 Global Industrials & Materials Summit on June 8, 2020. The virtual meetings with investors are by appointment only. WillScot provides modular space and portable storage solutions across North America, serving diverse sectors like construction, healthcare, and government. With over 150,000 units and around 120 locations in the U.S., Canada, and Mexico, WillScot is a trusted partner in the industry.
WillScot Corporation (WSC) announced plans to offer up to $500 million in senior secured notes due 2025 through its subsidiary, Picasso Finance Sub Inc. The proceeds will be utilized to repay existing debts related to a merger with Mobile Mini and to cover associated fees. This offering is part of a larger strategy that involves a $2.4 billion ABL credit facility. If the merger is not completed by a specific date, the notes may require mandatory redemption. This press release contains forward-looking statements about the potential impacts of the merger.
FAQ
What is the current stock price of WillScot Holdings (WSC)?
What is the market cap of WillScot Holdings (WSC)?
