Loan & DebtJun 22, 2026, 05:12 PM
Rush Enterprises Increases Canadian Loan Commitment to $194.7M CAD
AI Summary
Rush Enterprises, Inc. announced that its subsidiary, Rush Truck Centres of Canada Limited (RTC-Canada), along with the company as guarantor, entered into the Fourth Amendment to its wholesale financing agreement with Bank of Montreal. Effective June 15, 2026, this amendment increases the total loan commitment from $171.7 million CAD to $194.7 million CAD. This adjustment provides RTC-Canada with increased financial flexibility for its operations.
Key Highlights
- Rush Truck Centres of Canada Limited (RTC-Canada) amended its financing agreement with Bank of Montreal.
- The total loan commitment increased from $171.7 million CAD to $194.7 million CAD.
- The Fourth Amendment to the BMO Wholesale Financing and Security Agreement was effective June 15, 2026.
- Rush Enterprises, Inc. acts as guarantor for the agreement.
- The original agreement was dated July 15, 2022, and has been amended four times.
Price Impact
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