secwatch.observer — SEC 8-K summary
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Issuer:     RUSH ENTERPRISES INC \TX\ (RUSHA)
CIK:        0001012019
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001437749-23-030420
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/0001437749-23-030420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/rusha20231106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030420

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