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Fastenal extends $230 million revolving credit facility by one year
New York, Dec. 18 – Fastenal Co. extended the maturity date of its revolving credit facility by one year, according to an 8-K filing with the Securities and Exchange Commission.
The facility will now expire on Dec. 31, 2016 instead of Dec. 13, 2015 previously.
Fastenal also increased the letter of credit subfacility to $45 million from $40 million.
The size of the revolver remains unchanged at $230 million.
Wells Fargo Bank, NA is the administrative agent for the facility.
Fastenal is a supplier of fasteners and other industrial products based in Winona, Minn.
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