---
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"
generated_at: "2026-06-08T18:51:31.343686+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Rush subsidiary enters $300M amended credit facility with PACCAR Leasing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-030420
- JSON: https://secwatch.observer/filing/0001437749-23-030420.json
- Plain text: https://secwatch.observer/filing/0001437749-23-030420.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.