Step 3: Install and Enjoy!
I was limited in where I could mount my rack, so I used sheetrock anchors to attach it to the ceiling. (Do not just screw the rack into drywall without using anchors!) 4 sheetrock anchors behind each screw (8 total) has so far held the rack securely. I would recommend attaching it to something structural if possible, but this will depend on your situation.
Once you have the rack mounted, screw on a small nut to the eye bolt and the hook bolt before joining them with the hex coupling nut. The order of hardware should go (from top to bottom): eye bolt - small nut - hex coupling nut - small nut - hook bolt.
Once you tighten these the small nuts will help keep the hooks from spinning and detaching. For added security you could add a locking washer.
You should now be looking at a beautiful custom pan rack. Hang up your pans and enjoy!