<SEC-DOCUMENT>0001171843-15-006072.txt : 20151110
<SEC-HEADER>0001171843-15-006072.hdr.sgml : 20151110
<ACCEPTANCE-DATETIME>20151105175603
ACCESSION NUMBER:		0001171843-15-006072
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151105
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20151106
DATE AS OF CHANGE:		20151105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCGRATH RENTCORP
		CENTRAL INDEX KEY:			0000752714
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				942579843
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13292
		FILM NUMBER:		151201919

	BUSINESS ADDRESS:	
		STREET 1:		5700 LAS POSITAS RD
		CITY:			LIVERMORE
		STATE:			CA
		ZIP:			94550
		BUSINESS PHONE:		5102762626

	MAIL ADDRESS:	
		STREET 1:		5700 LAS POSITAS RD
		CITY:			LIVERMORE
		STATE:			CA
		ZIP:			94550
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gff8k_110515.htm
<DESCRIPTION>FORM 8-K
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 2.75pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 18pt; font-weight: bold; text-align: center; margin: 0pt 0">UNITED STATES</P>

<P STYLE="font-size: 18pt; font-weight: bold; text-align: center; margin: 0pt 0">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D. C. 20549</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 24pt; text-align: center; margin: 0pt 0"><B>FORM 8-K</B></P>

<P STYLE="font-size: 24pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>CURRENT REPORT PURSUANT</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Date of Report (Date of earliest event reported): November 5,
2015</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B></B>&nbsp;</P>

<P STYLE="font-size: 24pt; text-align: center; margin: 0pt 0"><B>McGRATH RENTCORP</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Exact name of registrant as specified in its Charter)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">California</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(State or other jurisdiction of incorporation)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

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    <TD STYLE="width: 48%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>0-13292</B></FONT></TD>
    <TD STYLE="width: 52%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>94-2579843</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer Identification No.)</FONT></TD></TR>
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>5700 Las Positas Road, Livermore, CA 94551-7800</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>(925) 606-9200</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Registrant&rsquo;s Telephone Number, Including Area Code)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>

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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR
230.425)</TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</TD>
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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</TD>
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<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font-size: 10pt; text-align: justify"><B>Item&nbsp;2.03</B></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant. </B></TD></TR>
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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">On November 5, 2015, McGrath RentCorp (the
&ldquo;Company&rdquo;) issued and sold to Prudential Investment Management, Inc., Prudential Retirement Insurance and Annuity Company,
The Lincoln National Life Insurance Company, Farmers New World Life Insurance Company and Physicians Mutual Insurance Company (collectively,
the &ldquo;Purchasers&rdquo;) $60 million in aggregate principal amount of its 3.84% Series C Senior Notes (the &ldquo;Notes&rdquo;)
pursuant to the terms of the Note Purchase and Private Shelf Agreement (the &ldquo;2011 Agreement&rdquo;), dated April&nbsp;21,
2011, between the Company and the Purchasers, as amended as of March 17, 2014 by the Amendment to the Note Purchase and Private
Shelf Agreement (the &ldquo;Amendment&rdquo;, and collectively with the 2011 Agreement, the &ldquo;Agreement&rdquo;). The Notes
are an unsecured obligation of the Company. The Notes bear interest at a rate of 3.84%&nbsp;per annum and mature on November 5,
2022. Interest on the Notes is payable semi-annually beginning on May 5, 2016 and continuing thereafter on November 5 and May 5
of each year until maturity. The Company may at any time prepay all or any portion of the Notes; provided that such portion is
at least $5,000,000. In the event of a prepayment, the Company will pay an amount equal to 100% of the principal amount so prepaid,
plus a make-whole amount. The full net proceeds from the Notes will be used to reduce the outstanding balance on the Company&rsquo;s
revolving credit line.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">Pursuant to the terms of the Agreement, the
Company has agreed to customary affirmative and negative covenants for as long as the Notes are outstanding, including, subject
to certain exceptions and qualifications, among other things, (i)&nbsp;a minimum net worth; (ii)&nbsp;a maximum leverage ratio;
and (iii)&nbsp;a minimum fixed charge coverage ratio.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">The Notes are also subject to customary events
of default, including without limitation, (i)&nbsp;failure to make payments on principal or premium, if any, upon maturity; (ii)&nbsp;failure
to pay interest within five business days after the same becomes due and payable; (iii)&nbsp;breaches of certain covenants and
agreements; (iv)&nbsp;cross default to payment defaults, including by reason of acceleration, on certain other indebtedness in
excess of $10 million; (v)&nbsp;certain events of bankruptcy and insolvency, and (vi)&nbsp;failure to pay judgments in excess of
$10 million within a specified period.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">The 2011 Agreement (including the form of shelf
note included therein) was filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K (&ldquo;Form 8-K&rdquo;), filed
with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on April&nbsp;21, 2011, and the Amendment was filed as Exhibit
10.1 to the Company&rsquo;s Form 8-K, filed with the SEC on March 17, 2014.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 24.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B></B></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SIGNATURE</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>McGRATH RENTCORP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Dated:&nbsp;&nbsp;November 5, 2015</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/&nbsp;&nbsp;Keith E. Pratt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 20pt">Keith E. Pratt</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 20pt">Senior Vice President and Chief Financial Officer</TD></TR>
</TABLE>


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