MCGRATH RENTCORP (MGRC): debt financing — McGrath RentCorp issues $75M of 5.30% Senior Notes due 2032

MCGRATH RENTCORP

Issued $75M aggregate principal of 5.30% Series G Senior Notes to Prudential affiliates on Sept 8, 2025.
Notes mature Sept 8, 2032; interest payable semi-annually starting March 8, 2026.
Unsecured obligation guaranteed by Mobile Modular, Enviroplex, and Vesta Housing subsidiaries.
Covenants include maximum leverage ratio and minimum fixed charge coverage ratio.
Prepayment permitted in increments of $5M plus make-whole amount.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MCGRATH RENTCORP incurred senior notes of $75 million with The Prudential Insurance Company of America and PruCo Life Insurance Company of New Jersey at 5.30% per annum maturing September 8, 2032.

Instrument: senior notes
Principal: $75 million
Counterparty: The Prudential Insurance Company of America and PruCo Life Insurance Company of New Jersey
Rate: 5.30% per annum
Maturity: September 8, 2032
Event: incurrence

Exact text from the filing

RentCorp (the “ Company ”) issued and sold to The Prudential Insurance Company of America and PruCo Life Insurance Company of New Jersey (collectively, the “ Purchaser ”) $75 million aggregate principal amount of its 5.30% Series G Senior Notes pursuant to the terms of the Second Amended and Restated Note Purchase and Private Shelf Agreement, dated June 8,

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Source: SEC EDGAR

accession 0000950170-25-113536

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