General Finance Corporation Confirms Full Redemption of 8.125% Senior Notes Due 2021
January 11 2021 - 5:02PM
General Finance Corporation (NASDAQ:GFN), a leading specialty
rental services company offering portable storage, modular space
and liquid containment solutions (the “Company”), confirmed that on
January 15, 2021 (as previously announced on December 16, 2020) it
will complete the redemption of its remaining $11.6 million
outstanding 8.125% Senior Notes due July 2021 (the “Notes”). The
redemption price will be $25 per Note (equal to 100% of the Notes’
original principal amount), plus accrued and unpaid interest
through, but excluding, the Redemption Date, January 15, 2021. It
is expected that the last day of trading of the Notes will be
January 14, 2021.
As a result of the redemption of the Notes in their entirety,
the Notes will be delisted from the NASDAQ Global Market Stock
Exchange where they previously traded under the symbol “GFNSL.” The
Company intends to file a Form 25 with the Securities and Exchange
Commission on January 22, 2021.
About General Finance Corporation
Headquartered in Pasadena, California, General Finance
Corporation (NASDAQ: GFN, www.generalfinance.com) is a leading
specialty rental services company offering portable storage,
modular space and liquid containment solutions. Management’s
expertise in these sectors drives disciplined growth strategies,
operational guidance, effective capital allocation and capital
markets support for the Company’s subsidiaries. The
Company’s Asia-Pacific leasing operations
in Australia and New Zealand consist of
wholly-owned Royal Wolf (www.royalwolf.com.au), the leading
provider of portable storage solutions in those regions. The
Company’s North America leasing operations consist of
wholly-owned subsidiaries Pac-Van, Inc.(www.pacvan.com)
and Lone Star Tank Rental Inc. (www.lonestartank.com),
providers of portable storage, office and liquid storage tank
containers, mobile offices and modular buildings. The Company also
owns Southern Frac, LLC (www.southernfrac.com), a manufacturer
of portable liquid storage tank containers and, under the trade
name Southern Fabrication Specialties
(www.southernfabricationspecialties.com), other steel-related
products in North America.
Investor ContactLarry ClarkFinancial Profiles,
Inc.lclark@finprofiles.com310-622-8223
General Finance (NASDAQ:GFN)
Historical Stock Chart
From Nov 2024 to Dec 2024
General Finance (NASDAQ:GFN)
Historical Stock Chart
From Dec 2023 to Dec 2024