PHOENIX--(BUSINESS WIRE)--Mobile Mini, Inc. (NASDAQ GS:MINI) (“Mobile Mini” or the “Company”) today announced that it has priced its offering of $250 million aggregate principal amount of 5.875% Senior Notes due July 1, 2024 (the “notes”) in a private offering. The issuance of the notes is expected to close on May 9, 2016, subject to customary closing conditions. The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of the Company’s domestic subsidiaries on the issue date.
Mobile Mini intends to use the proceeds of the offering to redeem the Company’s 7.875% Senior Notes due 2020, which were originally issued in November 2010, to repay a portion of the indebtedness outstanding under its asset-based revolving credit facility, and to pay fees and expenses related to the offering.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135 (c) under the Securities Act of 1933, as amended.
This news release contains forward-looking statements, including, but not limited to our expectations regarding continued growth and savings, which involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Risks and uncertainties that may affect future results include those that are described from time to time in the Company’s filings with the Securities and Exchange Commission. These forward-looking statements represent the judgment of the Company, as of the date of this release, and Mobile Mini disclaims any intent or obligation to update forward-looking statements.