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Algeco Scotsman refinances US$2.8 Billion of debt and expands operations into Australia and New Zealand
BALTIMORE (October 11, 2012) – Algeco Scotsman, the global leader of modular space and secure portable storage solutions, announced that it has simultaneously completed the combination with Ausco Modular ("Ausco") in Australia and New Zealand (Portacom Building Solutions) and the refinancing of Algeco Scotsman's and Ausco's existing debt facilities.
Algeco Scotsman's new long term capital structure includes a $1.2 billion asset-backed credit facility due 2017 and $1,075 million aggregate principal amount of 8.50% Senior Secured Notes due 2018, €275 million aggregate pri
Jury trials will return to Christchurch next year and will be held in transportable buildings specially set out for the job.
27 October 2011 - Courtesy of NZ Newswire
The existing court houses are still not safe following the February 22 earthquake and the Ministry of Justice has not been able to find any other suitable buildings to hold trials in, Minister for Courts Georgina te Heuheu says.
Six hundred square metres of Portacoms will be placed near the Christchurch central police station on Cambridge Terrace.
They will "ensure that access to justice continues to be provided for the Christchurch community", Ms te Heuheu said on Friday.
The Portacoms will be interloc