Fastenal Amends Credit Agreement, Boosts Borrowing Capacity to $1.34 Billion
Fastenal has amended its credit agreement, securing an $835 million committed facility with a $1.34 billion total borrowing capacity, and extended the maturity to June 2031.
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Fastenal announced an amended credit agreement that significantly enhances its borrowing capacity. The new deal includes an $835 million committed facility and an accordion option that brings total potential borrowing to $1.34 billion.
The revolving credit facility maturity has been extended to June 2031, with two additional one-year extension options available. This restructuring strengthens the company's long-term liquidity flexibility.
Source: First Squawk