Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RUSH ENTERPRISES INC \TX\ incurred revolving credit of up to $300 million with PACCAR Leasing Company at prime rate, minus 1.95% maturing 2025-12-01.
- Instrument
- revolving credit
- Principal
- up to $300 million
- Counterparty
- PACCAR Leasing Company
- Rate
- prime rate, minus 1.95%
- Maturity
- 2025-12-01
- Event
- incurrence
Exact text from the filing
On November 1, 2023, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc. (“Rush”), entered into that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp. Pursuant to the terms of the Agreement, PLC agreed to make up to $300 million of revolving credit loans to finance certain of RTL’s capital expenditures, including commercial vehicle purchases and other equipment to be leased or rented through RTL’s PacLease franchise.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RUSH ENTERPRISES INC \TX\ entered into Second Amended and Restated Inventory Financing and Purchase Money Security Agreement with PACCAR Leasing Company valued at $300 million (effective 2023-11-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PACCAR Leasing Company
- Value
- $300 million
- Effective
- 2023-11-01
Exact text from the filing
On November 1, 2023, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc. (“Rush”), entered into that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp. Pursuant to the terms of the Agreement, PLC agreed to make up to $300 million of revolving credit loans to finance certain of RTL’s capital expenditures, including commercial vehicle purchases and other equipment to be leased or rented through RTL’s PacLease franchise.
View on SEC.gov