Amount Raised
$650 Million
Description
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
FundzWatch™ Score
74
Medium Activity
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