Algeco Scotsman widens guidance for the second time
Algeco Scotsman, the mobile storage unit company owned by TDR Capital, again widened price guidance on its proposed bond issue on Tuesday. Pricing is expected on Tuesday afternoon.
The company has raised price talk to 10.75% on the unsecured eight year non-call four bond, the volume of which has been decreased to $745m.
Algeco had originally planned to raise 675m ($870m) of unsecured bonds in euros and dollars, but had reduced this by 100m to
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