Ampco-Pittsburgh closes $100M revolver and $13.5M term loan; maturity 2030

AMPCO PITTSBURGH CORP

New $100M asset-based revolver, expandable to $125M, matures June 25, 2030.
$13.5M term loan drawn at close; proceeds used to reduce revolver borrowings.
Interest rates: SOFR + 2.00%-2.50% on revolver, +3.00%-3.50% on term loan.
Joint lead arrangers: PNC Capital Markets and F.N.B. Capital Markets; PNC Bank as agent.
Minimum Fixed Charge Coverage Ratio of 1.05x applies if excess availability threshold not met.

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