BALTIMORE , Dec. 5 /PRNewswire-FirstCall/ -- Williams Scotsman, Inc., a subsidiary of Williams Scotsman International, Inc. (Nasdaq: WLSC), announced today that it is amending its previously announced offer to exchange (the 'Exchange Offer') $350,000,000 aggregate principal amount of its 8-1/2% Senior Notes due 2015 (CUSIP Number 96949VAK9) (the 'Exchange Notes'), which have been registered under the Securities Act of 1933, as amended, for a like aggregate principal amount of its 8-1/2% Senior Notes due 2015 (CUSIP Numbers U96964AC2/96949VAJ2) (the 'Initial Notes', and together with the Exchange Notes, the 'Notes') by extending the Expiration Date to 5:00 P.M. , New York City time, on December 9, 2005 , unless further extended or terminated.
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As of 5:00 P.M. , New York City time, on December 5, 2005 , a total of $173,220,000 in aggregate outstanding principal amount of the Initial Notes (representing approximately 49.49% of the $350,000,000 of aggregate outstanding principal amount of the Initial Notes as of 5:00 P.M. , New York City time, on December 5, 2005 ) had been validly tendered and not withdrawn. The Exchange Offer is being conducted pursuant to a prospectus, dated November 9, 2005 (the 'Prospectus'), of Williams Scotsman, and a related letter of transmittal (the 'Letter of Transmittal,' which, together with the Prospectus, constitutes the 'Exchange Offer Documents') relating to the Exchange Offer and upon the terms and subject to the conditions set forth in the Exchange Offer Documents. This press release supercedes the terms of the Exchange Offer Documents to the extent the terms contained herein are inconsistent with the terms contained therein.
A registration statement, which includes the Prospectus, has been filed
and declared effective by the U.S. Securities and Exchange Commission. Copies
of the Exchange Offer Documents may be obtained from
This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offer is being made only by reference to the Exchange Offer Documents dated November 9, 2005 , which are superceded by this press release to the extent that the terms contained herein are inconsistent with the terms contained therein. Capitalized terms used herein but not otherwise defined herein have the meanings ascribed to them in the Exchange Offer.
Williams Scotsman International, Inc.
Williams Scotsman International, Inc., headquartered in Baltimore , Maryland, is a leading national provider of mobile and modular building solutions for the Construction, Education, Commercial, Healthcare and Government markets. The company serves over 25,000 customers, operating a fleet of over 98,000 mobile offices and storage units that are leased through a network of 85 locations throughout North America . Williams Scotsman provides delivery, installation, refurbishment and other services, and sells new and used mobile office products. In addition to its core leasing business, Williams Scotsman manages and develops large modular building projects from concept to completion. Williams Scotsman International, Inc. is a publicly traded company (Nasdaq: WLSC) with operations in the United States , Canada , Mexico , and Spain .
Certain statements included above constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from future results expressed or implied by these forward-looking statements. These factors include, among others, the following: substantial leverage and the company's ability to service debt; changing market trends in the company's industry; general economic and business conditions including a prolonged or substantial recession; the company's ability to finance fleet and branch expansion and to locate and finance acquisitions; the company's ability to implement its business and growth strategy and maintain and enhance the company's competitive strengths; the company's ability to consummate the financing transactions described above and to obtain financing for general corporate purposes; intense industry competition; availability of key personnel; industry over-capacity; and changes in, or the failure to comply with, government regulations. As a result of these uncertainties, you should not place undue reliance on these forward- looking statements. All future written and oral forward-looking statements attributable to the company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. New risks and uncertainties arise from time to time, and it is impossible for the company to predict these events or how they may affect the company. The company assumes no obligation to update any forward- looking statements after the date hereof as a result of new information, future events or developments, except as required by federal securities laws.
SOURCE Williams Scotsman, Inc.
