WillScot Holdings (WSC) said Friday it has amended its asset-based lending credit facility to extend the maturity date to Oct. 16, 2030, to lower borrowing costs.

The amendment will reduce the total principal amount of the credit facility to $3 billion from $3.7 billion, according to the company.

WillScot said it had roughly $1.4 billion of borrowing capacity under the amended credit facility as of the transaction close.

Shares of the company were down 0.5% in recent Friday premarket activity.