Fastenal Company (NASDAQ:FAST) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
its existing unsecured revolving credit agreement>(as amended,
the “Agreement”)>with Wells Fargo Bank, National Association,
as administrative agent (the “Administrative Agent”) for the
lenders party thereto (the “Lenders”) and such Lenders.
maturity date of the revolving credit facility established under
the Agreement to March 10, 2020. Except as explicitly amended,
all of the terms and conditions of the Agreement remain in full
force and effect.
only a summary and does not purport to be complete and is
qualified in its entirety by reference to the full text of such
amendment, a copy of which is attached hereto as Exhibit 10.1.
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Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation
Under an Off-Balance Sheet Arrangement of a Registrant. |
reference.
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Item 9.01.
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Financial Statements and Exhibits.
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10.1
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Second Amendment to Credit Agreement dated as of March 10,
2017 among Fastenal Company, the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent. |
About Fastenal Company (NASDAQ:FAST)
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business. The Company operates approximately 10 distribution centers in North America. The Company’s original product offerings were fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Company’s product line consists of approximately two categories, including threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. Its customers are in the manufacturing and non-residential construction markets. Fastenal Company (NASDAQ:FAST) Recent Trading Information
Fastenal Company (NASDAQ:FAST) closed its last trading session down -0.55 at 50.85 with 1,848,636 shares trading hands.
