{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-030420","form_type":"8-K","ticker":"RUSHA","cik":"0001012019","company_name":"RUSH ENTERPRISES INC \\TX\\","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.846282+00:00","generated_at":"2026-06-08T18:51:31.343686+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Rush subsidiary enters $300M amended credit facility with PACCAR Leasing","bullets":["RTL secures $300M revolving credit; borrowing base equals depreciated net book value of financed assets.","Interest at prime minus 1.95% (floating) or fixed rate; minimum balance threshold of $190M.","Maturity December 1, 2025; either party may terminate on 180 days' notice.","Facility replaces prior October 2021 agreement; Rush Enterprises guarantees obligations.","Proceeds used for vehicle purchases for PacLease franchise leasing and rental business."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-030420","json":"https://secwatch.observer/filing/0001437749-23-030420.json","markdown":"https://secwatch.observer/filing/0001437749-23-030420.md","text":"https://secwatch.observer/filing/0001437749-23-030420.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/rusha20231106_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T18:51:31.343686+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"89a30fd198444616131e1e0463577202be7893ed","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $300 million"},{"label":"Counterparty","value":"PACCAR Leasing Company"},{"label":"Rate","value":"prime rate, minus 1.95%"},{"label":"Maturity","value":"2025-12-01"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5960e5cfd210d455db0612f18bb8f47b06943ad5","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PACCAR Leasing Company"},{"label":"Value","value":"$300 million"},{"label":"Effective","value":"2023-11-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}