Fastenal Company entered into a Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, renewing its $835 million revolving credit commitment and increasing its accordion option to a potential total of $1,335,000,000. The agreement extends the revolving credit maturity date to June 18, 2031, and modifies financial covenants to require a minimum interest coverage ratio of 3.00 to 1.00 and a maximum consolidated total leverage ratio of 3.00 to 1.00. Additionally, the Company amended its Master Note Agreement to reduce the aggregate principal amount of outstanding Notes to $600 million and extend the issuance period to June 18, 2031. Fastenal Company is a distributor of industrial and safety supplies.
