Senior Secured Second Lien Notes

Technology & Services
Senior Secured Second Lien Notes

Summary

Baird served as a co-manager on this offering

About

Modular Space Corporation (“ModSpace” or the “Company”), a portfolio company of Calera Capital and ABS Capital, recently completed an offering of $375 million aggregate principal amount of 10.25% senior secured second lien notes due 2019. The Company intends to use the net proceeds from the offering to repay all outstanding indebtedness under, and terminate, its existing second lien term loan and to repay a portion of the outstanding borrowings under the Company’s asset-based revolving credit facility.

ModSpace is a leading North American provider of modular buildings and related services fulfilling temporary and permanent space needs with 80 branch and service locations across the United States and Canada. ModSpace is headquartered in Berwyn, Pennsylvania.

For additional information about this transaction, please contact:

Ross Williams (414) 298-6235
Les Cheek (617) 426-5789
Howard Lanser (312) 609-5478
Robert Haviland (414) 244-4548
Technology & Services
Senior Secured Second Lien Notes
Date
February 2014
Company
Modular Space Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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