Fastenal renews $835M credit facility to 2031, eases covenants, expands accordion to $500M

Filed June 23, 2026 · Period ending June 18, 2026 · ~1 min read

Key Changes

• high

  Renewed $835M revolving credit facility with maturity extended to June 2031 (plus two optional one-year extensions); increased uncommitted accordion from $365M to $500M for potential total capacity of $1.335B.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Removed consolidated EBITDA covenant; replaced with 3.00x minimum interest coverage and 3.00x maximum leverage (stepping to 3.50x for four quarters post-acquisition over $750M). Deleted negative covenants on dispositions, investments, and restrictive agreements.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Amended Master Note Agreement to reduce shelf capacity from $900M to $600M, extended issuance period to June 2031, and aligned covenants with credit facility terms.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →