{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-21-000109","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2021-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.471209+00:00","generated_at":"2026-06-28T01:09:51.224398+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Applied Industrial enters $900M senior unsecured revolving credit facility, replaces $1.03B facility","bullets":["New $900M revolving credit facility matures Dec 9, 2026, with accordion feature up to $500M.","Interest rate margins: base rate +0-55 bps or LIBOR +80-155 bps, based on net leverage ratio.","Covenants require interest coverage ≥3.0x and net leverage ≤3.75x (4.25x for acquisitions).","Facility used to refinance existing $1.03B credit agreement and for working capital, acquisitions.","Additionally amended Private Shelf Agreement with PGIM to align covenants with new facility."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-21-000109","json":"https://secwatch.observer/filing/0000109563-21-000109.json","markdown":"https://secwatch.observer/filing/0000109563-21-000109.md","text":"https://secwatch.observer/filing/0000109563-21-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956321000109/0000109563-21-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956321000109/ait-20211209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T01:09:51.224398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}