WillScot Announces Expiration of Consent Solicitations and Receipt of Consents to Amend its Senior Secured Notes due 2029 and Senior Secured Notes due 2031

Core Viewpoint - WillScot Holdings Corporation has successfully completed its Consent Solicitations for its existing Senior Secured Notes, allowing for proposed amendments to the indentures governing these notes [1][2]. Group 1: Consent Solicitations - The Consent Solicitations for the 6.625% Senior Secured Notes due 2029 and the 7.375% Senior Secured Notes due 2031 expired on March 21, 2025, at 5:00 p.m. New York City time [2]. - More than 66 2/3% of the holders of the outstanding 2029 Notes and 2031 Notes delivered valid consents, representing approximately 88% of the $500 million total outstanding principal amount of the 2029 Notes and approximately 83$500 million total outstanding principal amount of the 2031 Notes [2]. Group 2: Financial Considerations - The Company will pay a total cash consideration of $500,000 to the holders of the Existing Notes who delivered valid consents, equating to approximately$0.57 per $1,000 principal amount of 2029 Notes and approximately$0.60 per $1,000 principal amount of 2031 Notes [3]. Group 3: Next Steps - Following the receipt of the requisite consents, WillScot intends to enter into supplemental indentures for the Existing Notes, which will become effective upon execution on March 24, 2025 [4]. Group 4: Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a wide range of products including modular office complexes, mobile offices, and portable storage containers [6]. - The Company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [6].