Rush Enterprises Amends BMO Revolving Lease Credit Agreement, Extends to 2029

What Happened
Rush Enterprises, Inc. (through its subsidiary Rush Truck Centres of Canada Limited) announced a Second Amendment to its BMO Revolving Lease and Rental Credit Agreement with Bank of Montreal, effective August 4, 2026. The amendment extends the agreement's expiration date to December 31, 2029 and modifies the original facility dated July 15, 2022. The Company remains guarantor of the facility.

Key Details

• Amendment effective date: August 4, 2026 (Second Amendment attached to the 8-K).
• New expiration (maturity) date: December 31, 2029.
• Removed feature: a CAD 20.0 million accordion (optional additional capacity) was eliminated because RTC-Canada determined it is not needed.
• Counterparty: Bank of Montreal (BMO); Rush Truck Centres of Canada Limited is borrower; Rush Enterprises is guarantor.

Why It Matters
Extending the facility's expiration reduces near-term refinancing pressure for the Canadian business by locking in the credit relationship through the end of 2029. The removal of the CAD 20.0 million accordion means the company chose not to keep the option to expand the facility — a factual sign it currently does not expect to need that extra capacity. Investors should note Rush Enterprises continues to guarantee the facility, so the agreement remains part of the company's credit exposure.