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APPLIED INDUSTRIAL TECHNOLOGIES INC FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 2, 2014



ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

On July 1, 2014, Applied Industrial Technologies, Inc. (the registrant) entered into certain 3.19% Series C Notes ("Notes") in the aggregate amount of $120.0 million pursuant to a Request for Purchase dated May 30, 2014 made under a Private Shelf Agreement dated November 27, 1996, as most recently amended on February 4, 2013, between Applied Industrial Technologies, Inc. and Prudential Investment Management, Inc. (assignee of The Prudential Insurance Company of America).

The Notes will bear interest at the rate of 3.19% payable semi-annually in arrears. Equal installments of principal are due on each of July 1, 2020, July 1, 2021 and July 1, 2022. The Notes mature on July 1, 2022.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

10.1 - Request for Purchase dated May 30, 2014 and 3.19% Series C Notes dated July 1, 2014, under Private Shelf Agreement dated November 27, 1996, as most recently amended on February 4, 2013, between Applied Industrial Technologies, Inc. and Prudential Investment Management, Inc. (assignee of The Prudential Insurance Company of America).


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Source: Edgar Glimpses


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