Rush Enterprises reduces loan commitment to $175 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 2 – Rush Enterprises, Inc. amended its credit agreement with Wells Fargo Bank, NA as administrative agent to reduce the total commitment to $175 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The effective date is Nov. 30.

Some other provisions of the credit agreement were modified to reflect the company’s acquisition of an additional 30% equity interest in Rush Truck Centres of Canada Ltd. in May 2022 that increased the company’s equity interest to 80%.

Rush Enterprises owns and operates a network of commercial vehicle dealerships. It is based in New Braunfels, Tex.

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