---
schema_version: "secwatch.filing_event.v1"
accession: "0000109563-22-000130"
form_type: "8-K"
ticker: "AIT"
cik: "0000109563"
company_name: "APPLIED INDUSTRIAL TECHNOLOGIES INC"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:00:44.477960+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000109563-22-000130
- form_type: 8-K
- ticker: AIT
- cik: 0000109563
- company_name: APPLIED INDUSTRIAL TECHNOLOGIES INC
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109563/000010956322000130/0000109563-22-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109563/000010956322000130/ait-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-22-000130
- JSON: https://secwatch.observer/filing/0000109563-22-000130.json
- Plain text: https://secwatch.observer/filing/0000109563-22-000130.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/109563/000010956322000130/0000109563-22-000130-index.htm

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