ITEM 1.01 Entry into a Material Definitive Agreement.



On March 26, 2021, Applied Industrial Technologies, Inc. (the "Company") amended
its accounts receivable securitization facility (the "Receivables Facility"),
extending its maturity to March 26, 2024. The Receivables Facility had been set
to expire on August 31, 2021. The amendment of the Receivables Facility included
(a) an Amendment No. 1 to Receivables Financing Agreement and Reaffirmation of
Performance Guaranty by and among the Company, as servicer, AIT Receivables LLC
("AIT Receivables"), a wholly­owned special purpose subsidiary of the Company,
as borrower, PNC Bank, National Association ("PNC"), as administrative agent,
PNC Capital Markets LLC, as structuring agent and certain additional persons
from time to time party thereto, as lenders, and (b) an Amendment No. 2 to
Purchase and Sale Agreement by and among AIT Receivables, the Company and
certain of its wholly-owned subsidiaries, as originators (together, the
"Receivables Facility Amendments").

Pursuant to the Receivables Facility Amendments, two additional subsidiaries of
the Company joined the existing originators in contributing current and future
trade receivables to the pool of financed receivables. As a result, the maximum
amount potentially available to borrow under the Receivables Facility, based on
eligibility of the contributed receivables, increased from US$175 million to
US$250 million. The amended Receivables Facility terminates on March 26, 2024,
unless terminated earlier pursuant to its terms, and increases the Company's
available funding capacity for future working capital and general corporate
purposes. In connection with these transactions, AIT Receivables paid customary
fees to the lenders.

The foregoing description of the Receivables Facility Amendments is qualified in
its entirety by reference to the full text of each of the Receivables Facility
Amendments, copies of which are respectively attached hereto as Exhibit 10.1 and
Exhibit 10.2 and are incorporated herein by reference.

ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

ITEM 9.01 Financial Statements and Exhibits.



(d)   Exhibits




 Exhibit No.                                             Description

          10.1            Amendment No. 1 to Receivables Financing

Agreement and Reaffirmation of


                        Performance Guaranty dated as of March 26, 2021

among AIT Receivables LLC, as


                        borrower, PNC Bank, National Association, as

administrative agent, Applied

Industrial Technologies, Inc., as initial servicer,

PNC Capital Markets LLC,


                        as structuring agent and the additional persons

from time to time party


                        thereto, as lenders.

          10.2            Amendment No. 2 to Purchase and Sale Agreement

dated as of March 26, 2021


                        among various entities listed on Schedule I thereto (including Applied
                        Industrial Technologies, Inc.), as originators, Applied Industrial
                        Technologies, Inc., as servicer, and AIT

Receivables LLC, as buyer.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses