{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-249961","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.781200+00:00","generated_at":"2026-05-17T02:18:15.862421+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Applied Industrial Technologies enters $900M credit facility, replaces 2021 agreement","bullets":["$900M senior unsecured revolving credit facility matures Oct 24, 2030, replacing prior $900M facility.","Accordion feature permits up to $800M additional commitments via increases or incremental term loans.","Interest rates at SOFR plus 80-135 bps; facility fee 7.5-15 bps based on leverage ratio.","Financial covenants: interest coverage >= 2.75:1, net leverage <= 3.75:1 (up to 4.25:1 for acquisitions).","Proceeds to refinance existing credit facility and fund working capital, general corporate, and acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-249961","json":"https://secwatch.observer/filing/0001193125-25-249961.json","markdown":"https://secwatch.observer/filing/0001193125-25-249961.md","text":"https://secwatch.observer/filing/0001193125-25-249961.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000119312525249961/0001193125-25-249961-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000119312525249961/d50676d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:18:15.862421+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":[{"claim_id":"520f38285cb26bdeb03f15af5e348b084bc18072","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC incurred revolving credit of $900 million with KeyBank National Association at base rate plus a margin that ranges from 0 to 35 basis points or adjusted term S maturing October 24, 2030.","evidence_excerpt":"On October 24, 2025 (the “Closing Date”), Applied Industrial Technologies, Inc. (the “Registrant”) entered into a Credit Agreement (the “Credit Agreement”) with certain financial institutions party thereto and KeyBank National Association, as Administrative Agent for itself and the other financial institutions, providing for a $900 million senior unsecured revolving credit facility (the “Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000119312525249961/0001193125-25-249961-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$900 million"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Rate","value":"base rate plus a margin that ranges from 0 to 35 basis points or adjusted term S"},{"label":"Maturity","value":"October 24, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}