Rush Enterprises Enters Material Definitive Agreement

TL;DR

Rush Enterprises signed a big deal on 4/9, details TBD.

AI Summary

On April 9, 2024, Rush Enterprises, Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement or any associated dollar amounts. The company is incorporated in Texas and its principal executive offices are located in New Braunfels, Texas.

Why It Matters

This filing indicates a significant new contract or partnership for Rush Enterprises, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its potential impact.

Key Players & Entities

• Rush Enterprises, Inc. (company) — Registrant
• Texas (location) — State of incorporation and principal executive offices
• New Braunfels (location) — City of principal executive offices
• April 9, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share RUSHA Nasdaq Global Select
• $300.0 million — increase the total loan commitment from $300.0 million to $375.0 million. In connection with t
• $375.0 million — loan commitment from $300.0 million to $375.0 million. In connection with the Agreement, RTL

Filing Documents

• rusha20240415_8k.htm (8-K) — 29KB
• ex_654030.htm (EX-10.1) — 12KB
• ex_654031.htm (EX-10.2) — 11KB
• pic1.jpg (GRAPHIC) — 4KB
• 0001437749-24-012083.txt ( ) — 208KB
• rusha-20240409.xsd (EX-101.SCH) — 4KB
• rusha-20240409_def.xml (EX-101.DEF) — 13KB
• rusha-20240409_lab.xml (EX-101.LAB) — 17KB
• rusha-20240409_pre.xml (EX-101.PRE) — 13KB
• rusha20240415_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On April 9, 2024, Rush Truck Leasing, Inc. ("RTL"), a wholly owned subsidiary of Rush Enterprises, Inc., entered into the First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the "First Amendment") with PACCAR Leasing Company ("PLC"), a division of PACCAR Financial Corp., which amended that certain Second Amended and Restated Inventory Financing and Purchase Money Security Agreement (the "Agreement"), dated as of November 1, 2023. Pursuant to the terms of the First Amendment, the Agreement was amended to increase the total loan commitment from $300.0 million to $375.0 million. In connection with the Agreement, RTL issued a $375.0 million amended and restated promissory note to PLC (the "Note"). The foregoing description is qualified in its entirety by reference to the full text of (i) the First Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference and, (ii) the Note, which is attached as Exhibit 10.2 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description Exhibit 10.1 First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement, dated as of April 9, 2024, by and between Rush Truck Leasing, Inc. and PACCAR Leasing Company. Exhibit 10.2 Second Amended and Restated Promissory Note dated April 9, 2024. Exhibit 104 Cover Page Interactive Data File (formatted in Inline XBRL)

SIGNATURES

SIGNATURES 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. RUSH ENTERPRISES, INC. Dated: April 15, 2024 By: /s/ Michael Goldstone Michael Goldstone Senior Vice President, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR