AMPCO PITTSBURGH CORP (AP): restructuring charge — Ampco-Pittsburgh subsidiary UES-UK enters administration; Q4 2025 non-cash impairment of $43M-$45M expected

AMPCO PITTSBURGH CORP

UES-UK placed into administration on Oct 14, 2025; exit accelerated from spring 2026 to Q4 2025, eliminating future operating losses.
Non-cash impairment charge of $43M-$45M in Q4 2025: write-down of $23M investment, $29M OCI recognition, offset by $7M-$9M expected credit from asset liquidations.
Annualized adjusted EBITDA expected to improve by $7M-$8M from exit; capacity at Sweden cast roll facility to increase.
Lenders modified Credit Agreement trigger period thresholds (12.5% Undrawn Availability / $12.5M) for 45 days effective Oct 10, 2025.
No other Ampco-Pittsburgh subsidiaries affected; UES-UK deconsolidated from financial statements effective Filing Date.

item 1.01 item 2.06 item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

AMPCO PITTSBURGH CORP announced a impairment with charges of ranging between $43 to $45 million affecting UES-UK (Union Electric Steel UK Limited).

Type: impairment
Charge: ranging between $43 to $45 million
Affected area: UES-UK (Union Electric Steel UK Limited)

Exact text from the filing

Ampco-Pittsburgh would expect to recognize a non-cash impairment charge in the fourth quarter of 2025 ranging between $43 to $45 million, based on estimates as of September 30, 2025.

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Source: SEC EDGAR

accession 0001193125-25-240315

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