Algeco Scotsman calls 8½%, 9%, 10¾% notes as part of refinancing

New York, Jan. 25 – Algeco Scotsman Global Finance plc will redeem its $1,063,850,000 of 8½% senior secured notes due 2018, its €275 million of 9% senior secured notes due 2018 and its $601.15 million of 10¾% senior notes due 2019, according to a notice from the issuer.

All the notes will be redeemed on Feb. 24.

The redemption price for the 8½% notes and the 9% notes will be par plus accrued interest while the 10¾% notes will be redeemed at 102.688% of par plus accrued interest.

Completion of the redemptions is conditional on the successful closing of a refinancing of the issuer’s outstanding debt.

Algeco Scotsman is based in Baltimore and provides modular space, secure portable storage solutions and remote workforce accommodation management.

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