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Algeco talks upsized €175 million 6½% mirror notes due 2023 at 94
By Paul A. Harris
Portland, Ore., July 2 – Algeco Global Finance plc upsized its offering of 6½% senior secured mirror notes due March 15, 2023 (B2/expected B-/expected B+) to €175 million from €150 million on Thursday and talked the deal at 94, according to a market source.
Goldman Sachs, BofA Securities and Deutsche Bank are the joint bookrunners for the Rule 144A and Regulation S offering.
Proceeds will be used for general corporate purposes, including certain strategic investments and add-on acquisitions.
London-based Algeco Scotsman provides modular space, secure portable storage solutions and remote workforce accommodation management.
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