secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0000950170-23-050271
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000095017023050271/0000950170-23-050271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000095017023050271/mgrc-20230927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer