MCGRATH RENTCORP — Form 10-Q
Filed July 29, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
McGrath RentCorp executed a Third Amended and Restated Facility Letter with U.S. Bank on May 20, 2026, maintaining a $20,000,000 committed credit facility through May 20, 2031. The facility is linked to the company's sweep service account and incorporates terms from a parallel Multibank Credit Agreement. Interest rate is Daily Simple SOFR plus a margin ranging from 1.00% to 1.75% based on Consolidated Leverage Ratio; commitment fees range from 0.15% to 0.30% on unused amounts.
Why this rating
Routine credit facility amendment. $20M facility is <1% of $2.85B market cap. No material change to borrowing capacity, terms, or financial condition disclosed.
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