Fastenal amends revolver, increasing commitment to $230 million

By Jennifer Chiou

New York, Aug. 22 – Fastenal Co. amended its unsecured revolving credit agreement with Wells Fargo Bank, NA as administrative agent, lifting the size to $230 million from $170 million, according to an 8-K filed with the Securities and Exchange Commission.

The letter-of-credit subfacility is unchanged at $40 million.

The filing said that the company also increased the required minimum consolidated EBITDA during any consecutive four-quarter period to $230 million from $170 million.

Winona, Minn.-based Fastenal is an industrial supply company.

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