Art's-Way enters $500K reserve credit facility for new laser-crane system in Ag segment

ARTS WAY MANUFACTURING CO INC

$500K revolving line from Bank Midwest, secondary to existing $4M line, matures March 30, 2027.
Interest rate: 1-month SOFR + 2.600%, initial 6.225% p.a., interest-only monthly.
Proceeds for deposits on fiberoptic laser and crane system for Agricultural Products Segment.
Upon delivery (~16-18 weeks), balance converts to 15-year term debt at estimated 6.50% p.a.

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