---
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"
generated_at: "2026-05-17T02:18:15.862421+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Technologies enters $900M credit facility, replaces 2021 agreement

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-249961
- JSON: https://secwatch.observer/filing/0001193125-25-249961.json
- Plain text: https://secwatch.observer/filing/0001193125-25-249961.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $900 million
  - Counterparty: KeyBank National Association
  - Rate: base rate plus a margin that ranges from 0 to 35 basis points or adjusted term S
  - Maturity: October 24, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000119312525249961/0001193125-25-249961-index.htm

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