SIFCO enters $23M credit facility with Siena Lending, refinances JPMorgan debt

SIFCO INDUSTRIES INC

New 3-year asset-based revolver up to $20M, term loan $3M, and $2.5M letter-of-credit subfacility.
$12.6M drawn at closing; interest rates: SOFR+4.5% (revolver/LOCs) and SOFR+5.5% (term loan).
Proceeds used to repay and terminate the existing JPMorgan Chase credit facility in full.
Closing fee $230,000 (half payable Oct 2025); collateral monitoring fee $126,000 monthly installments of $3,500.
Covenants include minimum fixed-charge coverage ratio and other customary affirmative/negative covenants.

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