{"schema_version":"secwatch.filing_event.v1","accession":"0000950123-23-005703","form_type":"8-K","ticker":"MGRC","cik":"0000752714","company_name":"MCGRATH RENTCORP","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.166529+00:00","generated_at":"2026-06-14T02:26:23.762204+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"McGrath RentCorp enters $300M note purchase agreement, amends existing $100M notes","bullets":["New Second Amended and Restated Note Purchase Agreement with PGIM, Inc. for up to $300M in Shelf Notes.","Amends $40M 2.57% Series D Senior Notes due 2028 and $60M 2.35% Series E Senior Notes due 2026.","Shelf Notes may be issued up to $300M aggregate (less outstanding notes), maturing up to 15 years from issuance.","Covenants include maximum leverage ratio and minimum fixed charge coverage ratio; customary events of default.","Three U.S. subsidiaries guarantee obligations: Mobile Modular, Enviroplex, and Vesta Housing Solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950123-23-005703","json":"https://secwatch.observer/filing/0000950123-23-005703.json","markdown":"https://secwatch.observer/filing/0000950123-23-005703.md","text":"https://secwatch.observer/filing/0000950123-23-005703.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/752714/000095012323005703/0000950123-23-005703-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/752714/000095012323005703/mgrc-20230608.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:26:23.762204+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6d0cf3d0e9ca653302813f0a2ded3689e140664","claim":"MCGRATH RENTCORP amended senior notes of $40.0 million aggregate principal amount of its 2.57% Series D Senior Notes due March 17, 2028, and (ii) $60.0 million a with PGIM, Inc. at 2.57% and 2.35% maturing March 17, 2028 and June 16, 2026.","evidence_excerpt":"On June 8, 2023, McGrath RentCorp (the “Company”) entered into a Second Amended and Restated Note Purchase and Private Shelf Agreement (the “Note Purchase Agreement”) with PGIM, Inc. and the holders of Series D and Series E Notes previously issued pursuant to that certain Amended and Restated Note Purchase and Private Shelf Agreement, dated March 31, 2020 (as amended, the “Prior NPA”), among the Company and the other parties to the Amended and Restated Note Purchase Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/752714/000095012323005703/0000950123-23-005703-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40.0 million aggregate principal amount of its 2.57% Series D Senior Notes due March 17, 2028, and (ii) $60.0 million a"},{"label":"Counterparty","value":"PGIM, Inc."},{"label":"Rate","value":"2.57% and 2.35%"},{"label":"Maturity","value":"March 17, 2028 and June 16, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"2eb1fc0865037b00cd4912c444c2f56bd112e01d","claim":"MCGRATH RENTCORP amended Second Amended and Restated Note Purchase and Private Shelf Agreement with PGIM, Inc. and the holders of Series D and Series E Notes (effective 2023-06-08).","evidence_excerpt":"On June 8, 2023, McGrath RentCorp (the “Company”) entered into a Second Amended and Restated Note Purchase and Private Shelf Agreement (the “Note Purchase Agreement”) with PGIM, Inc. and the holders of Series D and Series E Notes previously issued pursuant to that certain Amended and Restated Note Purchase and Private Shelf Agreement, dated March 31, 2020 (as amended, the “Prior NPA”), among the Company and the other parties to the Amended and Restated Note Purchase Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/752714/000095012323005703/0000950123-23-005703-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"PGIM, Inc. and the holders of Series D and Series E Notes"},{"label":"Effective","value":"2023-06-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}