GlobeNewswire Inc | Oct 20, 2020 09:10AM EDT

October 20, 2020

PASADENA, Calif., Oct. 20, 2020 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the Company), announced that it commenced an underwritten public offering of Senior Notes due 2025 (the Notes) today.

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.

D.A. Davidson & Co., B. Riley Securities, Inc. and Janney Montgomery Scott LLC are acting as joint book-running managers for the Notes offering. William Blair & Company, National Securities Corporation and Wedbush Securities, Inc. will serve as co-lead managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. The offering will be made only by means of a prospectus supplement and a related prospectus, copies of which may be obtained on the SECs website at www.sec.gov or by contacting:

D.A. Davidson & Co.611 Anton Blvd.Suite 600Costa Mesa, CA 92626(800) 332-5915Email: prospectusrequest@dadco.com

B. Riley Securities, Inc.1300 17th Street NorthSuite 1400Arlington, VA 22209(703) 312-9580 (collect)Email: prospectuses@brileyfin.com

Janney Montgomery Scott LLCAttention: Syndicate Department1717 Arch StreetPhiladelphia, PA 19103(215) 665-4450(collect)Email: prospectus@janney.com

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.

About General Finance Corporation

Headquartered inPasadena, California,General Finance Corporation(NASDAQ: GFN, www.generalfinance.com)is a leading specialty rental services company offering portable storage, modular space and liquid containment solutions.Managements expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Companys subsidiaries.The CompanysAsia-Pacificleasing operations inAustraliaand New Zealand consist of wholly-ownedRoyal Wolf (www.royalwolf.com.au), the leading provider of portable storage solutions in those regions.The CompanysNorth Americaleasing operations consist of wholly-owned subsidiariesPac-Van, Inc.(www.pacvan.com) andLone Star Tank Rental Inc. (www.lonestartank.com), providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings.The Company also ownsSouthern Frac, LLC (www.southernfrac.com), a manufacturer of portable liquid storage tank containers and, under the trade name Southern Fabrication Specialties (www.southernfabricationspecialties.com), other steel-related products in North America.

InvestorContact

Larry ClarkFinancial Profiles, Inc.lclark@finprofiles.com310-622-8223