McGrath RentCorp Announces Completion of $650 Million Financing
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Business Wire
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced that it has completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities, Inc. served as Joint Lead Arranger and Sole Bookrunner. Bank of America, N.A. served as Administrative Agent. U.S. Bank National Association, MUFG Union Bank N.A. and Wells Fargo Bank, N.A. served as Joint Lead Arrangers and Co-Syndication Agents.The proceeds of the facility will be used for working capital, capital expenditures and other general corporate purposes. Additional information regarding the new credit facility is available in the Company’s current report on Form 8-K, filed with the SEC on July 19, 2022.ABOUT MCGRATH RENTCORP:Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business ren
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News
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- WillScot Mobile Mini: Flexible Space, Big Ambitions [Seeking Alpha]Seeking Alpha
- McGrath Sets First Quarter 2024 Financial Results Date and TimeBusiness Wire
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
MGRC
Earnings
- 2/21/24 - Miss
MGRC
Sec Filings
- 4/16/24 - Form 10-K/A
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- MGRC's page on the SEC website