{"id":960916,"date":"2026-05-11T16:14:15","date_gmt":"2026-05-11T20:14:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-announces-completion-of-725-million-financing\/"},"modified":"2026-05-11T16:14:15","modified_gmt":"2026-05-11T20:14:15","slug":"mcgrath-announces-completion-of-725-million-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-announces-completion-of-725-million-financing\/","title":{"rendered":"McGrath Announces Completion of $725 Million Financing"},"content":{"rendered":"

<\/p>\n

McGrath Announces Completion of $725 Million Financing<\/b><\/p>\n

LIVERMORE, Calif–(BUSINESS WIRE<\/a>)–McGrath RentCorp<\/b> (\u201cMcGrath\u201d or the \u201cCompany\u201d) (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\u2019s 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.<\/p>\n

\nThe 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\u2019s current report on Form 8-K, filed with the SEC on May 11, 2026.<\/p>\n

ABOUT MCGRATH:<\/b><\/p>\n

McGrath RentCorp<\/b> (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath\u2019s operations are centered on modular solutions through its Mobile Modular<\/b> and Mobile Modular Portable Storage <\/b>businesses. In addition, its TRS-RenTelco<\/b>business offers electronic test equipment rental solutions. The Company\u2019s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 45 years of experience, McGrath\u2019s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company\u2019s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.<\/p>\n

\nMcGrath is headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com<\/a> and investors.mgrc.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260511379726\/en\/<\/a><\/span><\/p>\n

Keith E. Pratt
\n<\/b>
EVP & Chief Financial Officer
\n
925-606-9200<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Commercial Building & Real Estate Technology Construction & Property Other Retail Sustainability Hardware Retail Other Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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McGrath Announces Completion of $725 Million Financing LIVERMORE, Calif–(BUSINESS WIRE)–McGrath RentCorp (\u201cMcGrath\u201d or the \u201cCompany\u201d) (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\u2019s 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\u2019s current … <\/p>\n

Continue reading “McGrath Announces Completion of $725 Million Financing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-960916","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMcGrath Announces Completion of $725 Million Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-announces-completion-of-725-million-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McGrath Announces Completion of $725 Million Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"McGrath Announces Completion of $725 Million Financing LIVERMORE, Calif–(BUSINESS WIRE)–McGrath RentCorp (\u201cMcGrath\u201d or the \u201cCompany\u201d) (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\u2019s 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. 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