---
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"
generated_at: "2026-06-28T01:09:51.224398+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial enters $900M senior unsecured revolving credit facility, replaces $1.03B facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-21-000109
- JSON: https://secwatch.observer/filing/0000109563-21-000109.json
- Plain text: https://secwatch.observer/filing/0000109563-21-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.