|By Marketwired .||
|January 17, 2014 04:26 PM EST||
BALTIMORE, MD -- (Marketwired) -- 01/17/14 -- Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, "Algeco Scotsman"), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it completed the joinder of Target Logistics Management, LLC, and its subsidiaries (together, "Target Logistics"), and Chard Camp Catering Service Ltd. ("Chard"), which in each case are subsidiaries of Algeco Scotsman, as borrowers under Algeco Scotsman's Amended and Restated Revolving Syndicated Facility Agreement, dated December 19, 2013. It is anticipated that the assets of Target Logistics and Chard will be included in the applicable borrowing base calculations under the revolving credit facility within thirty days. In connection with the joinder, for the group's senior secured and senior unsecured notes Chard also executed supplemental indentures and Target Logistics and Chard entered into U.S. security agreement joinders. Target Logistics also terminated certain existing capital leases.
Cautionary Notice Regarding Forward Looking Statements
This press release may contain forward-looking statements, which reflect Algeco Scotsman's expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management's current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Algeco Scotsman
Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 28, 2016 03:15 PM EDT Reads: 303
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 28, 2016 03:15 PM EDT Reads: 1,295
Sep. 28, 2016 03:15 PM EDT Reads: 4,121
Sep. 28, 2016 03:00 PM EDT Reads: 3,857
Sep. 28, 2016 02:45 PM EDT Reads: 1,736
Sep. 28, 2016 02:30 PM EDT Reads: 3,290
Sep. 28, 2016 02:30 PM EDT Reads: 2,920
Sep. 28, 2016 02:00 PM EDT Reads: 4,749
Sep. 28, 2016 02:00 PM EDT Reads: 4,413
Sep. 28, 2016 01:57 PM EDT Reads: 198
Sep. 28, 2016 01:23 PM EDT Reads: 229
Sep. 28, 2016 01:00 PM EDT Reads: 164
Sep. 28, 2016 01:00 PM EDT Reads: 1,104
Sep. 28, 2016 01:00 PM EDT Reads: 3,547
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Sep. 28, 2016 12:30 PM EDT Reads: 5,098