Friedman Industries enters $50M ABL Facility amendment with BMO Harris Bank

FRIEDMAN INDUSTRIES INC

Entered Third Amendment to A&R Credit Agreement to syndicate ABL facility with BMO Harris Bank.
New Revolving Note issued to BMO Harris Bank for up to $50 million principal amount.
Amendment adds covenant requiring Company and subsidiaries to maintain JPMorgan as principal depository bank.
Existing lenders and JPMorgan remain as administrative agent.

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