Mobile Mini has entered into an amended and restated $1 billion asset-based revolving credit facility at reduced interest rates. The new facility provides for a five-year, revolving line of credit facility maturing December 2020. This agreement amends, restates and replaces Mobile Mini’s existing ABL credit agreement dated February 22, 2012 with Deutsche Bank as administrative agent.
“We are pleased with the refinancing as it extends the maturity, provides us with ongoing financial flexibility and, with availability in excess of $300 million as of the closing date and nicely positions Mobile Mini for continued growth,” said Mark Funk, Mobile Mini’s executive vice president and chief financial officer.
Obligations under the credit facility are secured by a blanket lien on substantially all of Mobile Mini’s rental fleet and other assets.
Mobile Mini provides portable storage solutions and specialty containment solutions in the U.S., UK and Canada.