Mobile Services Group, Inc. and Mobile Storage Group, Inc. Announce Expiration and...

Fri Dec 14, 2007 7:13pm EST
 
[-] Text [+]
Mobile Services Group, Inc. and Mobile Storage Group, Inc. Announce Expiration
and Final Results of Exchange Offer for Their 9 3/4% Senior Notes

    GLENDALE, Calif., Dec. 14 /PRNewswire/ -- Mobile Services Group, Inc. and
its wholly-owned subsidiary, Mobile Storage Group, Inc. (collectively the
"Issuers"), announced today the expiration and final results of their offer to
exchange an aggregate principal amount of up to $200 million of their 9 3/4%
Senior Notes due 2014 ("New Notes"), which have been registered under the
Securities Act of 1933, as amended, for an equal aggregate principal amount of
their outstanding 9 3/4% Senior Notes due 2014 (the "Old Notes"). The exchange
offer, which commenced on November 13, 2007, expired at 5:00 p.m., New York
City time, on December 14, 2007 (the "Expiration Date").
    The Issuers have been advised that, on or before the Expiration Date,
tenders had been validly received and not validly withdrawn with respect to
approximately $200 million aggregate principal amount, or 100%, of the Old
Notes. The Issuers have accepted all validly tendered Old Notes and, in
exchange, will issue a like principal amount of New Notes.
    This press release does not constitute an offer to sell or a solicitation
of an offer to buy any securities, nor shall there be any sale of any
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This announcement is also not an
offer to purchase, a solicitation of an offer to purchase or a solicitation of
consents with respect to any securities. The Offer was made solely pursuant to
the Prospectus dated November 13, 2007.
    Certain statements in this press release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Forward
looking statements may be identified by the words "believe," "expect,"
"anticipate," "project," "plan," "estimate," "will" or "intend" and similar
expressions. These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance, achievements or transactions of the Issuers or industry results
to be materially different from any future results, performance, achievements
or transactions expressed or implied by such forward-looking statements. Such
risks, uncertainties and other factors relate to, among others, unanticipated
operating costs and effects of general and local economic and real estate
conditions. Additional information or factors which could impact the Issuers'
forward-looking statements contained herein are included in the Issuers'
filings with the Securities and Exchange Commission. You should not place
undue reliance on these forward-looking statements, which speak only as of the
date of this communication. The Issuers assume no obligation to update or
supplement forward-looking statements that become untrue because of subsequent
events.
    About the Issuers
    Mobile Services Group, Inc. is the parent company of Mobile Storage Group,
Inc. Mobile Storage Group, Inc. is a leading international provider of
portable storage products with a lease fleet of over 117,000 units and 86
branch locations throughout the U.S. and U.K. We focus on leasing portable
storage containers, storage trailers and mobile offices, and, to complement
our core leasing business, we also sell portable storage products. To obtain
additional information, please visit our web site at
http://www.mobilestorage.com.
SOURCE  Mobile Services Group, Inc.

Allan Villegas, Chief Financial Officer of Mobile Services Group, Inc.,
+1-818-253-3200

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better