---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-050271"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:54:53.867721+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# McGrath RentCorp issues $75M of 6.25% senior notes due 2030

## Summary
- Issued $75M 6.25% Series F Senior Notes to Prudential Insurance Company, maturing Sept 27, 2030.
- Notes are unsecured; interest payable semi-annually starting March 27, 2024.
- Prepayment allowed in $5M increments with make-whole amount.
- Covenants include max leverage ratio and min fixed charge coverage ratio.
- Guaranteed by Mobile Modular Management, Enviroplex, and Vesta Housing Solutions.

## SEC filing metadata
- accession: 0000950170-23-050271
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000095017023050271/0000950170-23-050271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017023050271/mgrc-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-050271
- JSON: https://secwatch.observer/filing/0000950170-23-050271.json
- Plain text: https://secwatch.observer/filing/0000950170-23-050271.txt

## Key facts
- Debt Financings
  MCGRATH RENTCORP incurred senior notes of $75 million aggregate principal amount with The Prudential Insurance Company of America at 6.25% per annum maturing September 27, 2030.
  - Instrument: senior notes
  - Principal: $75 million aggregate principal amount
  - Counterparty: The Prudential Insurance Company of America
  - Rate: 6.25% per annum
  - Maturity: September 27, 2030
  - Event: incurrence
  source text: On September 27, 2023, McGrath RentCorp (the “ Company ”) issued and sold to The Prudential Insurance Company of America (the “ Purchaser ”) $75 million aggregate principal amount of its 6.25% Series F Senior Notes pursuant to the terms of the Second Amended and Restated Note Purchase and Private Shelf Agreement, dated June 8, 2023 (the “ Note Purchase Agreement ”), among the Company, certain of the Company’s subsidiaries, PGIM, Inc., and each other purchaser party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/752714/000095017023050271/0000950170-23-050271-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.