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McGrath RentCorp Announces New Private Shelf Agreement

McGrath RentCorp (MGRC) 
Last mcgrath rentcorp earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: mgrc.com/investors
Company Research Source: GlobeNewswire
LIVERMORE, Calif., April 03, 2020 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ:MGRC) (the “Company”), a diversified business-to-business rental company, announced today that it has entered into a new $250 million note purchase and private shelf agreement with Prudential Private Capital.  In addition to the current $40 million Series B Senior Notes and $60 million Senior C Senior Notes outstanding, the new agreement allows for the issuance of up to an additional $150 million of senior notes on terms to be determined at such time that any additional notes are issued. ABOUT MCGRATH RENTCORP: Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions.  The Company’s rental operations consist of four divisions: Mobile Modular rents and sells modular buildings to fulfill custome Show less Read more
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