---
schema_version: "secwatch.filing_event.v1"
accession: "0000090168-23-000035"
form_type: "8-K"
ticker: "SIF"
cik: "0000090168"
company_name: "SIFCO INDUSTRIES INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T21:00:32.021621+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SIFCO obtains JPMorgan loan default waiver, maturity pulled to Dec 2023, credit line cut

## Summary
- JPMorgan waived existing defaults (missed borrowing base certificates, monthly reports, and fixed charge coverage ratio failures).
- Maturity date advanced from Feb 19, 2024 to Dec 31, 2023; revolving commitment reduced from $28M to $23M.
- Aggregate borrowing capped at $18M through Sep 30, 2023, then $19M; reserves increased to $1.5M/$2.0M.
- Company must deliver refinancing term sheets to JPMorgan by Oct 8, 2023, and a Houlihan Lokey CIM by Sep 20, 2023.
- Covenant requiring Fixed Charge Coverage Ratio was removed (amended to 'Intentionally Omitted').

## SEC filing metadata
- accession: 0000090168-23-000035
- form_type: 8-K
- ticker: SIF
- cik: 0000090168
- company_name: SIFCO INDUSTRIES INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90168/000009016823000035/0000090168-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90168/000009016823000035/sif-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000090168-23-000035
- JSON: https://secwatch.observer/filing/0000090168-23-000035.json
- Plain text: https://secwatch.observer/filing/0000090168-23-000035.txt

## Key facts
- Material Agreements
  SIFCO INDUSTRIES INC amended Seventh Amendment with JPMorgan Chase Bank, N.A. (effective 2023-08-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-08-09
  source text: On August 9, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”) entered into the Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”) and the Third Amendment (the “Third Amendment”) to the Export Credit Agreement (the “Export Credit Agreement”), in each case, with JPMorgan Chase Bank, N.A., a national banking association (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/90168/000009016823000035/0000090168-23-000035-index.htm
- Material Agreements
  SIFCO INDUSTRIES INC amended Third Amendment with JPMorgan Chase Bank, N.A. (effective 2023-08-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-08-09
  source text: On August 9, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”) entered into the Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”) and the Third Amendment (the “Third Amendment”) to the Export Credit Agreement (the “Export Credit Agreement”), in each case, with JPMorgan Chase Bank, N.A., a national banking association (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/90168/000009016823000035/0000090168-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.