Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RUSH ENTERPRISES INC \TX\ amended First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement with PACCAR Leasing Company ("PLC"), a division of PACCAR Financial Corp. valued at $375.0 million (effective 2024-04-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PACCAR Leasing Company ("PLC"), a division of PACCAR Financial Corp.
- Value
- $375.0 million
- Effective
- 2024-04-09
Exact text from the filing
On April 9, 2024, Rush Truck Leasing, Inc. (“RTL”), a wholly owned subsidiary of Rush Enterprises, Inc., entered into the First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “First Amendment”) with PACCAR Leasing Company (“PLC”), a division of PACCAR Financial Corp., which amended that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the “Agreement”), dated as of November 1, 2023. Pursuant to the terms of the First Amendment, the Agreement was amended to increase the total loan commitment from $300.0 million to $375.0 million.
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