McGrath RentCorp issues $75 million in 6.53% senior notes
MGRC•McGrath RentCorp issued $75 million of 6.53% Series H Senior Notes on November 2, 2026. The notes mature November 2, 2031, and the amended private shelf facility increased to $350 million.
1. Note issuance
McGrath RentCorp amended its Note Purchase and Private Shelf Agreement with PGIM and noteholders on November 2, 2026, increasing the revolving private shelf facility to $350 million. Under the agreement, it issued $75 million of unsecured 6.53% Series H Senior Notes, maturing November 2, 2031, with semiannual interest payments beginning May 3, 2027. Cross-default and certain judgment thresholds increased to $20 million from $10 million.
