FASTENAL CO (FAST) Form 8-K — Jun 23, 2026
Fastenal Company entered into a Second Amended and Restated Credit Agreement, renewing its revolving credit commitment to $835 million and extending the maturity date to June 18, 2031. The agreement includes an accordion option allowing the facility to expand to $1.335 billion and introduces new financial covenants, including a maximum leverage ratio of 3.00x and a minimum interest coverage ratio of 3.00x. The company also amended its Master Note Agreement with insurers to reduce the aggregate principal capacity from $900 million to $600 million and extend the issuance period to June 18, 2031.
Key figures
- Debt Amount
- 835000000
- Maturity Date
- June 18, 2031
- Accordion Option
- 500000000
- Max Leverage Ratio
- 3.00:1.00
- Master Note Principal
- 600,000,000
- Min Interest Coverage Ratio
- 3.00:1.00
- Total Potential Commitment
- 1335000000
- Acquisition Leverage Step Up
- 3.50:1.00
Price after filing
Close on the filing date to close N calendar days later (from $45.60). Historical, not a forecast.
AI analysis
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