MCGRATH RENTCORP — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
McGrath RentCorp executed a Second Amended and Restated Note Purchase and Private Shelf Agreement dated June 8, 2023, with PGIM and Prudential Affiliates. The agreement authorizes issuance of $75 million aggregate principal amount of 6.53% Series H Senior Notes due November 2, 2031, and maintains a $350 million revolving private shelf facility for future note issuances. Existing Series D Notes ($40M at 2.57%) and Series E Notes ($60M at 2.35%) remain outstanding; three Subsidiary Guarantors (Enviroplex Inc., Mobile Modular Management Corp., Vesta Housing Solutions Holdings Inc.) guarantee all obligations.
Why this rating
Document is restated facility agreement with standard covenants and representations. $75M Series H issuance is ~2.6% of company's $2.854B market value—routine for mid-cap corporate debt.
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