Applied Industrial amends shelf agreement; extends issuance window, reduces fees

APPLIED INDUSTRIAL TECHNOLOGIES INC

Shelf note issuance period extended by three years, now until October 31, 2025.
Leverage-based fees on Series E Notes and future shelf issuances reduced.
Most favored lender clause benefiting Prudential eliminated.
Affects $25M 3.21% Series D Notes due 2023 and $25M 3.08% Series E Notes due 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPLIED INDUSTRIAL TECHNOLOGIES INC amended Amendment No. 3 with PGIM, Inc. and certain of its affiliates (collectively, "Prudential") (effective 2022-10-28).

Action: amendment
Agreement: notes offering
Counterparty: PGIM, Inc. and certain of its affiliates (collectively, "Prudential")
Effective: 2022-10-28

Exact text from the filing

On October 28, 2022, Applied Industrial Technologies, Inc. (the “Registrant”) and certain of its subsidiaries entered into Amendment No. 3 (the “Shelf Amendment”) to that certain Amended and Restated Note Purchase and Private Shelf Agreement dated as of October 30, 2019 (as so amended, the “Private Shelf Agreement”), with PGIM, Inc. and certain of its affiliates (collectively, “Prudential”).

View on SEC.gov

Browse all material agreements →

APPLIED INDUSTRIAL TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0000109563-22-000130

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.