SIFCO increases revolving credit facility to $22M with JPMorgan; director raises personal guaranty to $22M

SIFCO INDUSTRIES INC

Tenth Amendment to Credit Agreement and Fifth Amendment to Export Credit Agreement executed May 21, 2024.
Revolving commitment increased from $19M to $22M; borrowing base modified with 85% eligible accounts, inventory at 70% or 85% NOLV, minus $1.5M reserves.
Board member Mark J. Silk increased his personal guaranty under the Silk Guaranty to $22M from $19M.
Borrowers commit to use commercially reasonable efforts to refinance and pay in full secured obligations as soon as practicable.
Amendments effective upon satisfaction of conditions including execution of related documents.

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