Mobile Mini to redeem its outstanding 9¾% notes due 2014 on Jan. 10

By Melissa Kory

Cleveland, Dec. 20 - Mobile Mini, Inc. announced that it will redeem in full its outstanding 9¾% senior notes due 2014.

The notes will be redeemed on Jan. 10 at 104.875 plus accrued interest to, but not including, the redemption date.

Wells Fargo Bank, NA is the redemption agent.

A tender offer and consent solicitation for the notes began on Nov. 8 and expired at 12:01 a.m. ET on Dec. 8.

As of Nov. 29, Mobile Mini had received tenders and consents from holders of $170,578,000, or about 88.5%, of its outstanding 9¾% notes.

The consents received exceeded the number needed to approve proposed amendments to the indenture governing the notes. Mobile Mini and the trustee for the notes entered into a supplemental indenture that eliminated substantially all affirmative and restrictive covenants and certain events of default from the original indenture.

Mobile Mini is a Tempe, Ariz.-based provider of portable storage services.

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