WillScot Holdings Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Misc Corporate Leasing Services
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 17, 2025 (October 16, 2025 )
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
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(480 ) 894-6311
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| Item 1.01 | Entry into a Material Definitive Agreement | ||||
On October 16, 2025 (the “Effective Date”), Williams Scotsman, Inc. (“WSI”), a wholly-owned subsidiary of WillScot Holdings Corporation (the “Company”), and certain other subsidiaries of the Company (together with WSI, the “Loan Parties”) entered into a Seventh Amendment to the ABL Credit Agreement, dated as of the Effective Date (the “Amendment”), with the Lenders (as defined below) party thereto and Bank of America, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”), which amends that certain ABL Credit Agreement, dated as of July 1, 2020 (as amended from time to time prior to the Effective Date, the “Existing Credit Agreement”, and as further amended by the Amendment, the “Credit Agreement”), by and among the Loan Parties, the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto (the “Lenders”) and the Agent.
The Amendment amends the Existing Credit Agreement to, among other things, (i) extend the expiration date of the revolving credit facilities under the Credit Agreement to October 16, 2030; (ii) reduce the interest rate spreads above (x) the Term SOFR- and Term CORRA-based rates to no more than 137.5 basis points and (y) the base rate and Canadian prime rate to no more than 37.5 basis points; (iii) remove interest rate adjustments to the reference rates under the Credit Agreement; (iv) remove Daily Simple CORRA, which was operative solely prior to the phase-in of Term CORRA, from the available interest rates; (v) reduce the aggregate principal amount of revolving credit facilities under the Credit Agreement from $3.7 billion to $3.0 billion to reduce undrawn line fees; (vi) increase capacity available under the revolving credit facilities’ accordion feature from $750.0 million to $1.0 billion (or, in each case, such larger amount by which the borrowing base may exceed the revolving commitments under the Credit Agreement from time to time); and (vii) remove United Kingdom commitments and other United Kingdom-related provisions due to the lack of any borrowers organized in the United Kingdom.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1, and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits | ||||
(d) Exhibits
| Exhibit No. | Exhibit Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| WillScot Holdings Corporation | ||||||||
Dated: October 17, 2025 | By: | /s/ Hezron Timothy Lopez | ||||||
| Name: Hezron Timothy Lopez | ||||||||
| Title: Executive Vice President, Chief Legal & Compliance Officer & ESG | ||||||||