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(Address, including zip code, of principal executive offices)
(i480)
i894-6311
(Registrant’s telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading Symbol(s)
Name of each exchange on which registered
iCommon stock, par value $0.0001 per share
iWSC
The
iNasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01
Other
Events
Williams Scotsman, Inc. (“WSI”) and certain other subsidiaries of WillScot Mobile Mini Holdings Corp. are parties to an ABL Credit Agreement, dated as of July 1, 2020 (as amended through a fourth amendment, dated June 30, 2022, the “ABL Facility”), by and among WSI, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, collateral agent and swingline lender. On January 25, 2023, the Company entered into two interest rate swap agreements with financial counterparties relating
to an aggregate of $750 million in notional amount of variable-rate debt under the ABL Facility. On January 25, 2023, WSI executed an interest rate swap agreement with Deutsche Bank AG that is effective January 27, 2023. The swap has a notional amount of $450 million and provides for WSI to pay an interest rate of 3.4385% and receive a variable interest rate equal to one-month term SOFR, with a maturity date of June 30, 2027. On January 25, 2023, WSI also executed an interest rate swap agreement with Bank of the West that is also effective January 27, 2023. The swap has a notional amount of $300 million and provides for WSI to pay an interest rate of 3.4425% and receive a variable interest rate equal to one-month term SOFR,
with a maturity date of June 30, 2027. The weighted average effective interest rate for the combined trade is approximately 3.44%. The swap agreements were designated and qualified as hedges of the Company’s exposure to changes in interest payment cash flows created by fluctuations in variable interest rates on the ABL Facility.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Exhibit Description
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.
