Financing ·
McGrath RentCorp prices $75M of 6.53% senior notes due 2031 and expands shelf to $350M
MGRCMcGrath Rentcorp
On November 2, 2026, McGrath RentCorp issued and sold $75 million aggregate principal amount of its 6.53% Series H Senior Notes maturing on November 2, 2031. The company also entered into a First Amendment to its Note Purchase Agreement with PGIM, Inc., increasing the revolving private shelf facility limit to $350 million and raising cross-default thresholds from $10 million to $20 million. Interest is payable semi-annually beginning May 3, 2027. McGrath RentCorp provides equipment rental services primarily for construction, oil and gas, and industrial markets.