McGrath RentCorp closes $650M credit facility, replacing prior $420M line

MCGRATH RENTCORP

$650M unsecured revolving credit facility matures July 15, 2027.
Replaces prior $420M facility dated March 31, 2020.
Proceeds for working capital, capital expenditures and general corporate purposes.
Includes $40M letter-of-credit sublimit and $20M swingline loan sublimit.
Financial covenants: fixed-charge coverage > 2.50x, leverage < 2.75x.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.