CAP.MAN.& INV Capital Management & Investment Plc : Miscellaneous


 
TIDMCMIP 
 
 
   15 May 2013 
 
   Capital Management & Investment plc 
 
   (the "Company") 
 
   Algeco Scotsman Raises $400 Million PIK Loan 
 
   Capital Management & Investment plc announces that on 14 May 2013, 
Algeco Scostman Holdings (ASH) through a newly-formed wholly-owned 
subsidiary, Algeco Scotsman PIK S.A., completed a $400 million 
payment-in-kind debt ("PIK Debt") loan agreement intended to fund a 
partial redemption of capital, net of transaction fees and expenses, to 
ASH's shareholders (the "Redemption of Capital"). 
 
   The PIK Debt bears interest at a rate equal to 15.75% per annum (or 15% 
per annum to the extent paid in cash) and matures in May 2018 and is 
mandatorily pre-payable with the proceeds of certain offerings or other 
sales of equity and upon the occurrence of a change of control 
transaction. 
 
   The Redemption of Capital is expected to take place during the next 6 
months and the Company expects to receive EUR7.8 million. 
 
   Contact: 
 
 
 
 
Capital Management and Investment plc 
 Tim Woodcock                           0207 725 0800 
N+1 Singer 
 Jonny Franklin-Adams 
 Alex Wright                            020 7496 3000 
 
 
 
 
 
 
   This announcement is distributed by Thomson Reuters on behalf of Thomson 
Reuters clients. 
 
   The owner of this announcement warrants that: 
 
   (i) the releases contained herein are protected by copyright and other 
applicable laws; and 
 
   (ii) they are solely responsible for the content, accuracy and 
originality of the 
 
   information contained therein. 
 
   Source: Capital Management & Investment Plc via Thomson Reuters ONE 
 
   HUG#1702337

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