Ampco-Pittsburgh amends credit agreement to temporarily increase Swedish borrowing capacity to $15M

AMPCO PITTSBURGH CORP

Swedish sublimit raised to $15M through Oct 31, 2022, then steps down to $7.5M by Jan 1, 2023.
Temporary increase in eligible Swedish foreign receivables limit from $5M to $10M through Oct 31, 2022.
Eligible Swedish Inventory limit temporarily increased from $5M to $10M through Oct 31, 2022.
Limits reduce upon a Liquidity Event (new debt or equity issuance) to at least $7.5M/$5M.
Borrowers paid a $50,000 amendment fee to lenders; all other terms of the credit agreement affirmed.

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