Fastenal amends unsecured revolver via Wells Fargo, extends to 2023

By Susanna Moon

Chicago, Dec. 4 – Fastenal Co. amended its unsecured revolving credit agreement on Friday with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement extends the maturity of the revolver to Nov. 30, 2023.

The company also amended its existing master note agreement with Metropolitan Life Insurance Co., NYL Investors LLC and PGIM, Inc. and some other purchasers to increase the aggregate principal amount of notes outstanding to up to $600 million.

The amendment also extends the issue period during which the company may issue in a private placement senior promissory notes of the company to Nov. 30, 2023.

Winona, Minn.-based Fastenal is a supplier of fasteners and other industrial products.

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