Daily Archives: August 4, 2018

WillScot Announces Completion of $200 Million Senior Unsecured Notes Offering

BALTIMORE, Aug. 03, 2018 (GLOBE NEWSWIRE) — WillScot Corporation (Nasdaq: WSC) (“WillScot”), a specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that its indirect subsidiary Mason Finance Sub, Inc. (“Issuer”) has completed its offering of $200 million in aggregate principal amount of senior unsecured notes due 2023 (the “Notes”). WillScot intends to use the offering proceeds, together with funds from other sources, to finance its pending acquisition of Modular Space Holdings, Inc. (the “ModSpace Acquisition”) and to pay related fees and expenses.

The Issuer, a wholly-owned subsidiary of Williams Scotsman International, Inc. (“WSII”), was formed to issue notes to help finance the ModSpace Acquisition. The initial purchasers deposited the gross offering proceeds into an escrow account and, upon consummation of the ModSpace Acquisition and the satisfaction of other conditions, the escrowed proceeds will be released to fund the ModSpace Acquisition and to pay related fees and expenses. Upon the closing of the ModSpace Acquisition, the Issuer will also merge with and into WSII, with WSII continuing as the surviving corporation, and WSII will assume the obligations of the Issuer under the Notes and the indenture governing the Notes. If the ModSpace Acquisition is not completed by a specified date or certain other events occur, the Notes will be subject to a special mandatory redemption.

The Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although WillScot believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others, our ability to timely satisfy or waive the conditions that must be timely satisfied or waived to close the ModSpace Acquisition; our ability to raise the capital required to finance the ModSpace Acquisition, including the additional debt financing; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ending December 31, 2017). Any forward-looking statement speaks only at the date which it is made, and WillScot disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” WillScot is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units, and its customer base has grown to approximately 35,000.

Contact Information

Investor Inquiries:

Mark Barbalato

investors@willscot.com

Media Inquiries:

Scott Junk

scott.junk@willscot.com

Sightline Payments Launches Connect+ at Hard Rock Online Casino

Casino industry’s first unified gateway is engineered to allow operators to quickly and easily take advantage of new opportunities in and around payments for their online and on-premise gaming needs.

LAS VEGAS, Aug. 03, 2018 (GLOBE NEWSWIRE) — NRT Technology Corp. and Sightline Payments, LLC (together “NRT Sightline”) today announced that Hard Rock International, a global entertainment brand with numerous world-class casinos, hotels and cafes in its portfolio, has chosen Connect+™ as the payment gateway for its recently launched online casino in New Jersey.

“NRT and Sightline have been at the forefront of innovative commerce solutions for online operators for many years, and through our partnership we are the first operator to go live with the Connect+™ payment gateway,” said Kresimir Spajic, SVP Online Gaming at Hard Rock International. “From integration to market launch, I commend the Hard Rock and NRT Sightline teams on a successful execution. Connect+™ will offer our guests a superior payment experience and help us to retain and attract guests.”

Connect+™ offers a streamline and elegant “one stop shop” API that allows operators to get up and running quickly and easily for their online and on-premise integrate resort payment needs. The gateway also leverages tokenization, encryption and advanced fraud management tools to help protect operators and their guests.

“We owe a great deal of gratitude to Kresimir and the Hard Rock team for having the confidence in our ability to deliver Connect+™.  This represents a critical milestone for our company and the industry in general. Enabling operators to make a single payments connection that supports any digital or traditional card payment method, including our award-winning Play+ solution, is a revolutionary step towards a truly frictionless guest experience,” noted Kirk Sanford, CEO and Founder of Sightline Payments. “Our payment gateway opens up new opportunities for the integrated resort operator to extend new payment options to guests, and the best part is we provide this capability at no incremental cost to the operator, unlike existing third-party gateway providers.”

About Hard Rock International

With venues in 74 countries, including 185 cafes, 25 hotels and 12 casinos, Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world’s greatest collection of music memorabilia, which is displayed at its locations around the globe. Hard Rock is also known for its collectible fashion and music-related merchandise, Hard Rock Live performance venues and an award-winning website. HRI owns the global trademark for all Hard Rock brands. The company owns, operates and franchises Cafes in iconic cities including London, New York, San Francisco, Sydney and Dubai. HRI also owns, licenses and/or manages hotel/casino properties worldwide. Destinations include the company’s two most successful Hotel and Casino properties in Tampa and Hollywood, FL., both owned and operated by HRI parent company The Seminole Tribe of Florida, as well as other exciting locations including Bali, Cancun, Ibiza, Las Vegas, and San Diego. Upcoming new Hard Rock Cafe locations include, Maldives, Manila, Malaga, Georgetown, Fortaleza, Casablanca and Chengdu. New Hard Rock hotel, casino or hotel-casino projects include Atlanta, Berlin, Budapest, London, Los Cabos, Maldives, New York City, Ottawa, Dalian and Haikou in China. For more information on Hard Rock International, visit www.hardrock.com.

About Hard Rock Hotel & Casino Atlantic City

Set on 17 acres, with the legendary Atlantic City boardwalk as its backdrop, Hard Rock Hotel & Casino Atlantic City will be Atlantic City’s go-to entertainment destination, boasting 2,200 slots, 120 table games, more than 20 first-class restaurants and lounges, and world-class entertainment, including Hard Rock Live at Etess Arena, the beachside Sound Waves and the Howie Mandel Comedy Club. The hotel also features the iconic Hard Rock Cafe, overlooking the Atlantic City Boardwalk, showcasing a brand new elevated menu and state-of-the-art stage, allowing for an amplified level of service and entertainment. Along with an endless array of upscale amenities, including world-class shopping and the brand’s signature full-service Rock Spa and Salon, featuring 31 treatment rooms, the new, music-inspired property offers lavish guest rooms and suites, with stunning views of the city and Atlantic Ocean. From family vacations and business trips to weddings, Hard Rock Hotel & Casino Atlantic City offers an unparalleled experience. Each of the hotel’s guest rooms and suites radiates a contemporary style, including Hard Rock’s signature The Sound of Your Stay™ music amenity program, which allows guests to set the mood with complimentary vinyl records or jam out on a Fender guitar in the privacy of their own room.  Hotel guests can enjoy high speed, property-wide Wi-Fi, 24 Hour In-Room Dining, towel and chair service at Hard Rock Beach or at the indoor pool, and 24 Hour Access to Body Rock fitness. For more information and to book your stay, please visit hardrockhotelatlanticcity.com.

About NRT & Sightline

On closing of the pending merger between NRT Technology Corp. and Sightline Payments, LLC (which remais subject to regulatory approval), the businesses will combine into NRT Sightline, the global leader in the design and development of enterprise platforms for the gaming industry, including current and next generation payment systems, specialized self-serve financial/marketing kiosks, big data analytics utilizing artificial intelligence and gamification, credit marker information services, and digital and mobile experiences. Through our global family of companies, we enable more than 1 billion physical and digital commerce experiences at over 750 casino properties worldwide, including the top 25 largest casino corporations.  By seamlessly combining technological innovation with strategic partnerships, our companies create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT and Sightline have been recognized with numerous industry awards, including the coveted “Most Innovative Gaming Technology Product of the Year” for our Play+™ cloud-based cashless funding platform. Our collective solutions are used by casinos, lotteries, race and sports, banking & retailers around the world. For more information visit www.NRTSLP.com

For further information about this acquisition, please contact:  Michael Dominelli, NRT’s SVP Marketing at mdominelli@nrttech.com

For more information about Sightline or its pending merger with NRT, please contact:  Omer Sattar, Sightline’s EVP Strategic Relationships at osattar@sightlinepayments.com

White House says Trump’s resolve is firm on China trade

A top White House adviser warned China on Friday not to underestimate US President Donald Trump’s resolve in a brewing trade battle between the two countries following Beijing’s threat to impose retaliatory tariffs on $60 billion worth of US goods.

Larry Kudlow said in an interview on Bloomberg Television that talks between the American and Chinese government over trade had stalled, but there had recently been communication at the “highest levels”.

China on Friday said it was prepared to impose additional tariffs on over 5,200 goods imported from the US, ranging from liquefied natural gas to some aircraft. The move was in reaction to a threat from Washington earlier this week to increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent.

Source: VOV5

Bank of England warns no-deal Brexit risk ‘uncomfortably high’

Bank of England Governor Mark Carney said Friday that the risk of Britain leaving the EU without a deal is “uncomfortably high.

The Governor said leaving the EU with no agreement in place would be ‘highly undesirable’. He warns that no deal outcome will mean higher prices and disrupted trade.

Source: VOV5

Foreign ministers applaud ASEAN’s relations with partners

Foreign ministers of ASEAN countries held meetings with their counterparts from the bloc’s partners, including the Republic of Korea (RoK), Canada, Australia, the US, and the European Union (EU), in Singapore on Friday.

Deputy Prime Minister and Foreign Minister Pham Binh Minh led the Vietnamese delegation to these meetings, where ASEAN’s partners reaffirmed that they attach importance to the relationship with the group, support its central role in the region, and will actively take part in ASEAN-chaired forums.

At the meeting with the RoK, ASEAN countries welcomed initiatives within the framework of the RoK’s New Southern Policy, which aims to enhance cooperation with the bloc on the three pillars of peace, prosperity and humans. The foreign ministers agreed to continue efforts to facilitate trade and investment and connect businesses and the private sector of the two sides. At the meeting, Cambodia � coordinator of ASEAN-RoK relations � officially handed over this role in the 2018-2021 period to Brunei.

Meeting with the Canadian foreign minister, ASEAN hailed Canada’s active support for ASEAN-led mechanisms and stronger cooperation in prioritized fields on the basis of the ASEAN-Canada Plan of Action for 2016-2020, particularly in the fight against terrorism, violent extremism and trans-national crimes, trade-investment, connectivity, science, technology, innovation, environment, response to climate change, education, and tourism. At this event, the Philippines � coordinator for ASEAN-Canada relations � transferred the role in 2018-2021 to Myanmar.

In another meeting, the ASEAN and the EU recognized the positive outcomes of the ASEAN-EU Plan of Action for 2018-2022, which was approved in August 2017. They emphasized their commitment to promoting a rule-based international order. The two sides also encouraged each other to enhance cooperation in such fields as trade, including the possibility of resuming negotiations on an ASEAN-EU free trade agreement, and a deal on air transport.

The ASEAN foreign ministers highly valued the EU’s assistance for the former to bolster regional connectivity and narrow development gap. On this occasion, Thailand handed over the role of coordinator for ASEAN-EU relations in 2018-2021 to Singapore. At the meeting between the ASEAN and Australia, the participating officials noted strides in the implementation of the ASEAN-Australia Plan of Action in 2015-2019. They agreed to step up partnerships in prioritized areas such as fighting terrorism and violent extremism, cyber security, border management and combating human trafficking, marine security, defense, economy, adaptation to climate change and disaster management. The ministers pledged to maintain a free and open regional and international trade system. They also discussed measures to foster trade and investment ties through the ASEAN-Australia-New Zealand Free Trade Agreement, adding that they hope to soon finalize negotiations on the Regional Comprehensive Economic Partnership (RCEP) agreement. At the end of the meeting, Myanmar handed over the role of coordinator for ASEAN-Australia relations to Malaysia.

Meeting with the US Secretary of State, the two sides agreed to continue promoting ties in trade, connectivity, marine cooperation and response to trans-national challenges such as terrorism and violent extremism. The ASEAN welcomed the initiatives regarding security, sustainable development, good governance, education, young people, and start-up, among others. Concluding the event, Laos officially took over the role of coordinating ASEAN-US relations in 2018-2021 from Malaysia. Addressing these meetings, Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh re-affirmed that the RoK, Canada, Australia, the US and the EU are important partners of the ASEAN. He applauded the partners’ active coordination with the ASEAN to enhance dialogue and cooperation for peace, stability and development in the region. Minh underlined Vietnam’s support for the proposed prioritized fields of cooperation and expressed the wish to join other countries in continuing to build and realize many concrete initiatives.

Source: VOV5

Hundreds of youth members join “Let’s Clean up the Ocean” campaign

The Youth Union and Binh Thuan province have launched a campaign to clean up the sea in Phan Thiet City.

More than 300 youth members and local people joined the campaign on Saturday. This is part of the Youth Union’s Summer Voluntary campaign to create spin-off effect among local people and tourists. It includes waste collection along the beaches and marine environmental protection task-force.

Source: VOV5

11th Mekong-Japan Foreign Ministers’ Meeting held

Japan has pledged to help enhance infrastructure connectivity among five Mekong sub-regional countries, namely Cambodia, Laos, Myanmar, Thailand and Vietnam.

Speaking at the 11th Mekong-Japan Foreign Ministers’ Meeting in Singapore on August 3, Japanese Foreign Minister Taro Kono said the Japanese government will offer support via quality infrastructure development that matches the demand of Mekong countries and develop human resources in the fields of industry, health care and training. The ministers affirmed determination to intensify coordination between the Mekong-Japan cooperation and the Mekong River Commission (MRC), especially in sustainable management of water resources, including trans-border water resources. Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh spoke highly of the role of the Mekong � Japan cooperation and the Japanese government’s support in building a sub-region of peace, prosperity and sustainable development. In order to improve the efficiency of cooperation among member countries, he suggested developing a multi-modal transport system and a logistics system connecting sub-regional cities and provinces, promoting industrialization via building industrial chains and developing quality workforce, and facilitating sustainable development to build a Green Mekong.

Source: VOV5