P&F INDUSTRIES INC: debt financing — P&F Industries extends revolver maturity to Feb 2027, eliminates Capex Loan

The Amendment, among other things, (i) extended the Revolver Termination Date (as defined in the Loan Agreement) from February 8, 2024 to February 8, 2027 and (ii) eliminated the Capex Loan (as defined in the Loan Agreement).

On March 24, 2023, P&F Industries, Inc. (the “Company”), its subsidiaries Florida Pneumatic Manufacturing Corporation (“Florida Pneumatic”) and Hy-Tech (together with the Company and Florida Pneumatic, collectively, “Borrowers”) and the Company’s subsidiaries Jiffy Air Tool, Inc. (“Jiffy”), ATSCO Holdings Corp. (“ATSCO”), Bonanza Properties Corp. (“Properties”), Continental Tool Group, Inc. (“Continental Tool”), Countrywide Hardware, Inc. (“Countrywide”), Embassy Industries, Inc. (“Embassy”), Exhaust Technologies, Inc. (“Exhaust”), Hy-Tech Illinois, Inc. (“Illinois”) and Heisman Acquisition Corp. (together with Jiffy, ATSCO, Properties, Continental Tool, Countrywide, Embassy, Exhaust and Illinois, collectively, “Guarantors”) entered into Amendment No. 11 to Second Amended and Restated Loan and Security Agreement (the “Amendment”), with Capital One, National Association, as agent (the “Agent”) for the lenders (the “Lenders”) from time to time party to the Loan Agreement (as defined belo