---
schema_version: "secwatch.filing_event.v1"
accession: "0000090168-24-000046"
form_type: "8-K"
ticker: "SIF"
cik: "0000090168"
company_name: "SIFCO INDUSTRIES INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:19:55.188687+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000090168-24-000046
- form_type: 8-K
- ticker: SIF
- cik: 0000090168
- company_name: SIFCO INDUSTRIES INC
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90168/000009016824000046/0000090168-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90168/000009016824000046/sif-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000090168-24-000046
- JSON: https://secwatch.observer/filing/0000090168-24-000046.json
- Plain text: https://secwatch.observer/filing/0000090168-24-000046.txt

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