Williams Scotsman to redeem 8½% notes if merger closes

New York, Sept. 27 - Williams Scotsman International, Inc. said it will redeem its $450 million of 8½% senior notes due 2015 on Oct. 31 if the acquisition of the company by Ristretto Group Sarl closes.

The call price will be par plus a make-whole premium plus accrued interest up to the redemption date. The make-whole premium will be calculated using a discount rate of a reference Treasury yield plus 50 basis points.

Williams Scotsman is a Baltimore, Md.-based provider of mobile and modular space services for the construction, education, commercial, health care and government markets.

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