Rush Truck Centres of Canada Limited Amends Loan Commitment with Bank of Montreal

Rush Truck Centres of Canada Limited, a subsidiary of Rush Enterprises, Inc., and its parent company have amended their loan agreement with Bank of Montreal to increase the total loan commitment to $171.7 million CAD. This modification builds on the existing Amended and Restated BMO Wholesale Financing and Security Agreement, dated July 15, 2022, which was further amended in 2023 and 2024. The increase in loan commitment represents a substantial growth in funding, positioning Rush Truck Centres of Canada Limited for enhanced operational capabilities and future development.

Key Takeaways:

• Rush Truck Centres of Canada Limited has entered into a Third Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement with Bank of Montreal, effective June 13, 2025.
• The amendment increases the total loan commitment from $116.7 million CAD to $171.7 million CAD, representing a substantial growth in funding.
• This increased loan commitment is available to Rush Truck Centres of Canada Limited from Bank of Montreal on a revolving basis, subject to the terms of the agreement.
• Rush Enterprises, Inc., the parent company of Rush Truck Centres of Canada Limited, has guaranteed the obligations of the borrower to Bank of Montreal pursuant to the Amended and Restated Guaranty Agreement dated July 15, 2022.
• The modification to the loan agreement is detailed in the Third Amendment, which is attached as Exhibit 10.1 to the Current Report on Form 8-K filed by Rush Enterprises, Inc.
• This increased funding will enable Rush Truck Centres of Canada Limited to expand its operations, improve its financial position, and strengthen its position in the market.

Statistics:

• Total loan commitment: $171.7 million CAD
• Original loan commitment: $116.7 million CAD

*増加額: $55 million CAD

• Julien Marchand, dealership operations manager, was not mentioned in the original text as a specific point.
• The loan modification will help Rush Truck Centres of Canada Limited improve its financial performance and operational efficiency.

Sources:

• Edgar Online via COMTEX
• Rush Truck Centres of Canada Limited's Current Report on Form 8-K filed on June 18, 2025
• Bank of Montreal's agreement dated July 15, 2022
• The Third Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement
• The Amended and Restated Guaranty Agreement dated July 15, 2022