secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0000950170-25-090898
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000095017025090898/0000950170-25-090898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000095017025090898/ap-20250625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-090898

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