---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-025987"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:49:25.553477+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001564590-22-025987
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000156459022025987/0001564590-22-025987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000156459022025987/mgrc-8k_20220715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-025987
- JSON: https://secwatch.observer/filing/0001564590-22-025987.json
- Plain text: https://secwatch.observer/filing/0001564590-22-025987.txt

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