Loan & DebtAug 6, 2026, 06:09 AM
Rush Enterprises Extends BMO Credit Agreements to 2029
AI Summary
Rush Enterprises, Inc. announced that its subsidiary, Rush Truck Centres of Canada Limited (RTC-Canada), extended two credit agreements with Bank of Montreal (BMO) to December 31, 2029. The Second Amendment to the BMO Revolving Lease and Rental Credit Agreement also removed a $20.0 million CAD accordion feature, which RTC-Canada deemed unnecessary. The Fifth Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement was also extended.
Key Highlights
- Second Amendment to BMO Revolving Lease and Rental Credit Agreement extended.
- Expiration date for Revolving Lease and Rental Credit Agreement extended to December 31, 2029.
- $20.0 million CAD accordion feature removed from Revolving Lease and Rental Credit Agreement.
- Fifth Amendment to BMO Wholesale Financing and Security Agreement extended.
- Expiration date for Wholesale Financing and Security Agreement extended to December 31, 2029.
- Credit Commitment for Revolving Lease and Rental Credit Agreement remains $120,000,000 CAD.
Price Impact
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