secwatch.observer — SEC 8-K summary
======================================

Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001564590-22-025987
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000156459022025987/0001564590-22-025987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000156459022025987/mgrc-8k_20220715.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-025987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer