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Algeco Scotsman seeks to raise $1.77B in bond offering

In this Sept. 24, 2013, file photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.(AP Photo/LM Otero, File)

In this Sept. 24, 2013, file photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.(AP Photo/LM Otero, File)

Algeco Scotsman Global, a portable storage and remote workforce accommodation company headquartered in Baltimore, has a plan to raise about $1.77 billion through bond offerings by its affiliates.

Algeco Scotsman Global Finance plc will offer the equivalent of 1.12 billion Euro in senior secured notes due in 2023, while another affiliate, Algeco Scotsman Global Finance 2 plc, will offer the equivalent of 295 million Euro in senior notes, also due in 2023. The notes may be denominated in Euro or U.S. dollars.

The company plans to use the proceeds from the notes to pay debts, including a loan and other bonds.


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