Mark Funk, Mobile Mini’s Executive Vice President & CFO noted, "As of 2011 year-end, we generated free cash flow for 16 consecutive quarters. Fourth quarter free cash flow totaled $16.4 million bringing the 2011 total to $80.0 million. Cash flow from operations of $21.2 million enhanced our ability to pay down an additional $12.0 million of debt in the fourth quarter, bringing the full year’s debt pay down to $75.3 million after payment of a $1.1 million call premium related to redeeming the remaining $22.3 million of previously outstanding MSG Senior Notes. Since the acquisition of Mobile Storage Group in mid-2008, we have generated free cash flow of $258.5 million and paid down $235.3 million of debt. As a result of our senior note refinancing in November 2010, our 2011 debt pay down and lower interest rates, our 2011 interest expense has been reduced by 18% or $10.1 million compared to 2010.”Extends Revolving Credit Agreement
Mobile Mini Reports 2011 Fourth Quarter Results
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