secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001193125-22-257599
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000119312522257599/0001193125-22-257599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000119312522257599/d250749d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-257599

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