McGrath Announces Completion of $725 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 (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that it has completed a $725 million credit facility with a syndicate of banks. The five-year facility matures on May 8, 2031, and replaces the Company’s existing $650 million line of credit. Bank of America, N.A. served as Joint Lead Arranger, Sole Bookrunner and Administrative Agent. U.S. 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 May 11, 2026.ABOUT MCGRATH:McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business grow
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MGRC
News
- McGrath Declares Quarterly DividendBusiness Wire
- What to Know About This $18 Million Bet on a Rental Business With 35 Years of Dividend Growth [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- What to Know About This $18 Million Bet on a Rental Business With 35 Years of Dividend Growth [Yahoo! Finance]Yahoo! Finance
- Will McGrath RentCorp's (MGRC) Expanded US$725 Million Credit Facility Reshape Its Recurring Rental Narrative [Yahoo! Finance]Yahoo! Finance
- This $4 Million Rental Stock Buy Signals Confidence in Data Center Demand [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
MGRC
Earnings
- 4/29/26 - Miss
MGRC
Sec Filings
- 6/5/26 - Form 8-K
- 6/4/26 - Form 11-K
- 5/19/26 - Form 4
- MGRC's page on the SEC website