McGrath RentCorp closes $725M credit facility, up from $650M, maturing 2031

MCGRATH RENTCORP

• New five-year $725M revolving credit facility replaces existing $650M line; matures May 8, 2031.
• Facility includes $40M sublimit for standby letters of credit and $20M sublimit for swingline loans.
• Proceeds used for working capital, capital expenditures, and general corporate purposes.
• Bank of America serves as Administrative Agent; U.S. Bank and Wells Fargo as Co-Syndication Agents.

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