SIFCO extends C Blade sale closing and credit maturities to Nov 6, pending Golden Power OK

SIFCO INDUSTRIES INC

Share purchase agreement amendment pushes outside closing date from Sep 30 to Nov 6, 2024.
Amendments to credit and export credit agreements extend maturity from Oct 4 to Nov 6, 2024; $100K fee if not fully paid by Oct 19.
Italian Golden Power authorization for C Blade sale still pending; parties intend to close within 2 business days of grant.
Interest on purchase price accrues at 16% per annum from Oct 5, 2024 until closing, payable in cash.
Credit note of up to €100K authorized if closing not occurred by Oct 4, 2024; related intercompany loan payments total €138K.

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