Ampco-Pittsburgh subsidiary enters $20M equipment financing with Clarus Capital

AMPCO PITTSBURGH CORP

$20M Master Loan & Security Agreement with Clarus Capital for equipment financing.
84-month fully amortizing term; interest at 8% on progress/deposits, fixed swap+4.5% on final loan.
Ampco provides unconditional guaranty of UES’s obligations under the agreement.
Financing supports previously announced capital expenditure project; all equipment kept in US.

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