Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
APPLIED INDUSTRIAL TECHNOLOGIES INC amended guarantee of No change to principal amount disclosed. with PNC Bank, National Association, PNC Capital Markets LLC, and certain additional lenders at Not specified. maturing Extended to August 4, 2026 (from March 26, 2024)..
- Instrument
- guarantee
- Principal
- No change to principal amount disclosed.
- Counterparty
- PNC Bank, National Association, PNC Capital Markets LLC, and certain additional lenders
- Rate
- Not specified.
- Maturity
- Extended to August 4, 2026 (from March 26, 2024).
- Event
- amendment
Exact text from the filing
On August 4, 2023, Applied Industrial Technologies, Inc. (the “Company”) amended its accounts receivable securitization facility (the “Receivables Facility”), extending its maturity to August 4, 2026. The Receivables Facility had been set to expire on March 26, 2024. The amendment of the Receivables Facility included (a) an Amendment No. 3 to Receivables Financing Agreement and Reaffirmation of Performance Guaranty by and among the Company, as servicer, AIT Receivables LLC (“AIT Receivables”), a wholly-owned special purpose subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, PNC Capital Markets LLC, as structuring agent, and certain additional persons from time to time party thereto, as lenders, and (b) an Amendment No. 3 to Purchase and Sale Agreement by and among AIT Receivables, the Company and certain of its wholly-owned subsidiaries, as originators (together, the “Receivables Facility Amendments”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
APPLIED INDUSTRIAL TECHNOLOGIES INC amended Receivables Facility with PNC Bank, National Association valued at accounts receivable securitization facility extended to August 4, 2026 (effective 2023-08-04).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- accounts receivable securitization facility extended to August 4, 2026
- Effective
- 2023-08-04
Exact text from the filing
On August 4, 2023, Applied Industrial Technologies, Inc. (the “Company”) amended its accounts receivable securitization facility (the “Receivables Facility”), extending its maturity to August 4, 2026.
View on SEC.gov