Sypris Solutions extends $12M promissory note maturity by one year; related-party

SYPRIS SOLUTIONS INC

Principal due in installments: $2M on Apr 1, 2027; $2M on Apr 1, 2028; $5M on Apr 1, 2029; $3M on Apr 1, 2030.
Interest deferral allowed: up to 100% of interest due can be deferred to Apr 1, 2027, with deferred interest accruing at same rate.
Lender is Gill Family Capital Management, controlled by CEO Jeffrey T. Gill and director R. Scott Gill (related-party).
All other terms of March 2025 promissory note remain unchanged, including security interest in all assets of Makers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SYPRIS SOLUTIONS INC amended January 2026 Promissory Note with Gill Family Capital Management, Inc. (effective 2026-01-12).

Action: amendment
Agreement: credit facility
Counterparty: Gill Family Capital Management, Inc.
Effective: 2026-01-12

Exact text from the filing

On January 12, 2026, Sypris Solutions, Inc. (the “Company”) and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated March 21, 2025 (the “March 2025 Promissory Note”) in favor of Gill Family Capital Management, Inc., an entity controlled by the Company’s president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the “January 2026 Promissory Note”).

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Source: SEC EDGAR

accession 0001437749-26-001220

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