LONDON (12^th June 2024) Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, has today announced plans to reprice its €1.8bn Term Loan B debt.

A call will take place today at 3pm (UK).

To register for the call, please use the following link:

 https://www.netroadshow.com/events/login?show=3420c92c&confId=66881   

Deal details:

• Tranche: EUR Term Loan B
• Size: € 1,800,000,000
• Current Margin: E+450bps
• New Margin: E+425bps
• ESG Margin Ratchet: 7.5bps (Same as existing)
• Floor: 0% (Same as existing)
• OID: 99.75-100.00
• Call Pro: Reset 6 months 101 soft call
• Maturity: Dec-28 (Same as existing)
• Corporate Ratings (M/S/F): B2 (Stable) / B (Stable) / B (Stable)
• Facility Ratings (M/S/F): B2 / B / B+
• UoP: Repricing of existing 1st Lien EUR Term Loan B
• Joint Physical Bookrunners: GS, MS
  • Joint Bookrunners: Bank of America, HSBC, ING, JPM, MUFG, Santander, Société Générale, Wells Fargo
• Admin Agent: US Bank
• Global Lender Call: Wednesday June 12, 15.00 UKT

The lender presentation, which includes incremental information on the Modulaire Group, will be available from 3pm at:

https://www.modulairegroup.com/investors/financial-reports 

(Lender Presentation June 2024)

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

******************

For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com