{"id":382050,"date":"2020-11-16T12:11:52","date_gmt":"2020-11-16T17:11:52","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382050"},"modified":"2020-11-16T12:11:52","modified_gmt":"2020-11-16T17:11:52","slug":"general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/","title":{"rendered":"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">PASADENA, Calif., Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the \u201cCompany\u201d), announced that the underwriters of its recent public offering of 7.875% Senior Notes due 2025 (the \u201cNotes\u201d) have fully exercised their overallotment option resulting in the issuance of an additional $9.0 million in principal amount of the Notes. The option was granted in connection with the public offering of $60.0 million in principal amount of the Notes, which closed on October 27, 2020. The Notes trade on the NASDAQ Global Market under the symbol \u201cGFNSZ\u201d.<\/p>\n<p>The exercise of the overallotment option brings the expected total net proceeds of the public offering to $65.8 million, after deducting underwriting discounts and estimated offering fees and expenses payable by the Company. The Company intends to use the net proceeds from the Notes offering to redeem a portion of the $77.4 million principal amount of its 8.125% Senior Notes due July 2021.<\/p>\n<p>D.A. Davidson &amp; Co., B. Riley Securities, Inc. and Janney Montgomery Scott LLC acted as joint book-running managers for the Notes offering. William Blair &amp; Company, National Securities Corporation and Wedbush Securities, Inc. served as co-lead managers for the offering.<\/p>\n<p>The offering was made pursuant to an effective registration statement relating to these securities that has been filed with the Securities and Exchange Commission. The offering was made by means of a prospectus supplement and a related prospectus, copies of which may be obtained on the SEC\u2019s website at www.sec.gov or by contacting:\u00a0\u00a0<\/p>\n<p>D.A. Davidson &amp; Co.<br \/>611 Anton Blvd.<br \/>Suite 600<br \/>Costa Mesa, CA 92626<br \/>(800) 332-5915<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5NS1cU8wqiJgaIQlfCvLktlEIMXdf41r8PJqHF82HfzFlA93dVyGvYJRqRtMQD8t88gUvtMpaLZrALrblnV9lrMmY7qh_rR_Rbp5TF_M9J-PAO0HYZpH350C2VyIHLgH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">prospectusrequest@dadco.com<\/a><\/p>\n<p>B. Riley Securities, Inc.<br \/>1300 17<sup>th<\/sup> Street North<br \/>Suite 1400<br \/>Arlington, VA 22209<br \/>(703) 312-9580 (collect)<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5NS1cU8wqiJgaIQlfCvLks9C1cXfT19pNGNLF1UCkytBNNdkQ4eLM1WDOhkIzcNJBktCnnaUX2D5rrwKYghw9HhB63AswoOR3E1-VNQaw_jJ643Vtuz8xmIC6j2DMKCO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">prospectuses@brileyfin.com<\/a><\/p>\n<p>Janney Montgomery Scott LLC<br \/>Attention: Syndicate Department<br \/>1717 Arch Street<br \/>Philadelphia, PA 19103<br \/>(215) 665-4450 (collect)<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5NS1cU8wqiJgaIQlfCvLklUEJpUZn9_Wd6dL1TrSHsbfBScZx3QR58tuEb6rcmKD5CQWf54U0J-cUB-1jmFyacGjpPKzACThWU1NGIyhZqY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">prospectus@janney.com<\/a><\/p>\n<p>This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities. The Notes may not be sold in any 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.<\/p>\n<p>\n        <strong><br \/>\n          <u>About General Finance Corporation <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>Headquartered in\u00a0Pasadena, California,\u00a0General Finance Corporation\u00a0(NASDAQ: GFN, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wx-tHA0LlK-zJTY523dG7113CQsMiAwZCyU6-LORImKyjGpWAfa7YBzKCuY7N0MRaRG5Ct2KPr4A0NMYpYzrbPO3-TeUSMBZRzce2Pp6mQk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.generalfinance.com<\/a>) is a leading specialty rental services company offering portable storage, modular space and liquid containment solutions.\u00a0\u00a0Management\u2019s expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Company\u2019s subsidiaries.\u00a0\u00a0The Company\u2019s\u00a0Asia-Pacific\u00a0leasing operations in\u00a0Australia\u00a0and New Zealand consist of wholly-owned\u00a0Royal Wolf (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QrGXnS48aRWfz9BfIeSqjIYg4w8lqR_K-KX-gFxFJeN8KlgV-EYta5uWqwlYMna5vGmJKRuT_nVjCcsnr1quYxbYu74GT8kJb6tMdAAto4ixQoVIVr2tUrbVSInZvDwqO0ptzJmlQJ9BrMYeJ2zPv5pHYdd7hJF9ZhvY1S_FkLDvdvc9Tzcpu59V_i8WDZuIvcVv0SAOKs-W4kShBQFGYp38L6PY1DY5U5D0JKzm4j_Of_LXygjU6ATW_mZau6fb6mPxj-ePQB5g-yrmkKkfmg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.royalwolf.com.au<\/a>), the leading provider of portable storage solutions in those regions.\u00a0The Company\u2019s\u00a0North America\u00a0leasing operations consist of wholly-owned subsidiaries\u00a0Pac-Van, Inc.(<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jJIYMrrSlSq0tCw-c1tG1G9qjtmMuCVyOv8eG7o79rhURGcRvukXfHg6tMt6WgLsmo_hkSY7UILIcahykQsTN5cb4T2J4k9hDcFcMpi_bHdUs6BrUF6NyMZrI4Icn6Be9_cmDwpi4A06rne-dos9C5nAS62NUEB4TeUoVt4SmJPwk4KpPdZP8hFncE_b9PEnAk7VputOIeBXQdX7CR54lCUGQXbg2v1RsthBsFzp7uA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.pacvan.com<\/a>) and\u00a0Lone Star Tank Rental Inc. (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fd7KFiL0oOoXghMxNn7uzf7PbaEgX0yOMiUK2rpn1T1kWZi7TSgT3lDL-vU4IR3Ld-ItYDraMOPmxWBcW4OgeL0Td_43IBrbRM_ps9sKnAqxXLDFFLI1l_dbBYigjMzo4djsbbHttrpfBThMWe7rfRyyGilrakDsfdLkHf_qvEUFYDSbmOFEFFg1HMan1TalM9HFG0iOypP4M2hohlKZg6tlzYIcH_QHNl0UpgW0ZiZ2oC1dMALFM_JH8qbAmcKxEES3SVEoZa7_-mN5-uDvpg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.lonestartank.com<\/a>), providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings.\u00a0\u00a0The Company also owns\u00a0Southern Frac, LLC (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=731une5oYF12cIvig56MUk7BtM-GVYNJ07t9dtAfXVVkWoZPL-_LyWLq4GE_q54CdOQ5rWi-fd2SUYQJNCSVkzKo-Crv_Wryh-PUzF-BSDXrz3H9pvMi1NvTwK_-cTsJqbOppByCMEhny4AMESvHKE-rRMt2_qLOxmHeRbxyDEYxD4hix2p0N1dZRCzzHQY9QH83dB2F9iqX14b_e0Zi8YX7dcGCR5N_DhRNyuF5td9XIRolJRYC3v_XpnN-gn1QTc-CwOjzoqbkew4IAoZ7mw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.southernfrac.com<\/a>), a manufacturer of portable liquid storage tank containers and, under the trade name Southern Fabrication Specialties (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=731une5oYF12cIvig56MUoCJhu3fAbQfBNbI4WhlosnkGkpkd-9kjS8wEOXUSBINAUBjjRyEKeSIFcjE2Tu8BlTIvYyn23N_LbDyLBUjslmq1NCNlupgtZdga-eg2xRqdZX4aWOsrdORVdUKMWF-rm-D13gELdYZEMIQpnBlMubR5srdRD1HBaRUhfXnLmukdicMM8cAS4CUiJyDqoUUO3XzqjEiK6yxjRYuqHCiuuxDg9_nLhSWCvT8xuMTy4eC8GXtlZ4e0cJvVDQF7PF61DMfhAHIig-BDLF5sI1TlCaywYxfnhXSVvTEL1bNnXoRN4z4YvYYdaUmeAS1tD3H7g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.southernfabricationspecialties.com<\/a>), other steel-related products in North America.<\/p>\n<p>\n        <strong><br \/>\n          <u>I<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>nvestor<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>Contact <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>Larry Clark<br \/>Financial Profiles, Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ScJmCE-wu-jtgXLsb78JTnJoCrQI4PXo3HSf672wQFuSrdUwmNZA0yNMh3KfwBc22h5CwCjec51387Bk5bk9kyD-2PcXJyxPDxku9e4aPCM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lclark@finprofiles.com<\/a><br \/>310-622-8223<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg4NyMzODI2NzIwIzIwMjc3ODI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b4d05279-3758-4427-b694-904c5eed491e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PASADENA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the \u201cCompany\u201d), announced that the underwriters of its recent public offering of 7.875% Senior Notes due 2025 (the \u201cNotes\u201d) have fully exercised their overallotment option resulting in the issuance of an additional $9.0 million in principal amount of the Notes. The option was granted in connection with the public offering of $60.0 million in principal amount of the Notes, which closed on October 27, 2020. The Notes trade on the NASDAQ Global Market under the symbol \u201cGFNSZ\u201d. The exercise of the overallotment option brings the expected total net proceeds of the public offering &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382050","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PASADENA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the \u201cCompany\u201d), announced that the underwriters of its recent public offering of 7.875% Senior Notes due 2025 (the \u201cNotes\u201d) have fully exercised their overallotment option resulting in the issuance of an additional $9.0 million in principal amount of the Notes. The option was granted in connection with the public offering of $60.0 million in principal amount of the Notes, which closed on October 27, 2020. The Notes trade on the NASDAQ Global Market under the symbol \u201cGFNSZ\u201d. The exercise of the overallotment option brings the expected total net proceeds of the public offering &hellip; Continue reading &quot;General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T17:11:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg4NyMzODI2NzIwIzIwMjc3ODI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025\",\"datePublished\":\"2020-11-16T17:11:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/\"},\"wordCount\":544,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4Njg4NyMzODI2NzIwIzIwMjc3ODI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\\\/\",\"name\":\"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/","og_locale":"en_US","og_type":"article","og_title":"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025 - Market Newsdesk","og_description":"PASADENA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the \u201cCompany\u201d), announced that the underwriters of its recent public offering of 7.875% Senior Notes due 2025 (the \u201cNotes\u201d) have fully exercised their overallotment option resulting in the issuance of an additional $9.0 million in principal amount of the Notes. The option was granted in connection with the public offering of $60.0 million in principal amount of the Notes, which closed on October 27, 2020. The Notes trade on the NASDAQ Global Market under the symbol \u201cGFNSZ\u201d. The exercise of the overallotment option brings the expected total net proceeds of the public offering &hellip; Continue reading \"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T17:11:52+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg4NyMzODI2NzIwIzIwMjc3ODI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025","datePublished":"2020-11-16T17:11:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/"},"wordCount":544,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Njg4NyMzODI2NzIwIzIwMjc3ODI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/general-finance-corporation-announces-exercise-of-underwriters-overallotment-option-of-public-offering-of-7-875-senior-notes-due-2025\/","name":"General Finance Corporation Announces Exercise of Underwriters\u2019 Overallotment Option of Public Offering of 7.875% Senior Notes Due 2025 - 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