Ampco-Pittsburgh Corporation Secures Amended and Restated $113.5 Million Credit Facility to Boost Global Operations

Reuters

Jun 28

Ampco-Pittsburgh Corporation Secures Amended and Restated $113.5 Million Credit Facility to Boost Global Operations

Ampco-Pittsburgh Corporation has announced the successful closing of an amended and restated credit facility agreement. The new arrangement includes a $100 million, five-year asset-backed revolving line of credit and a $13.5 million term loan. The term loan proceeds were used to reduce borrowings on the revolving credit line. PNC Capital Markets LLC and F.N.B. Capital Markets acted as Joint Lead Arrangers, with First National Bank of Pennsylvania and S&T Bank serving as Lenders. PNC Bank, National Association, will continue as the Agent for the Credit Facility. According to Michael McAuley, Senior Vice President and CFO of Ampco-Pittsburgh, the facility is designed to enhance lending capacity and flexibility to support the company's global operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ampco-Pittsburgh Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250627295041) on June 27, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ampco-Pittsburgh Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250627295041) on June 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0070302665.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250627:nNDL9NKwDy:1","article_id":"2546729930","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546729930","pubTimestamp":1751054535,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ampco-Pittsburgh Corporation has announced the successful closing of an amended and restated credit facility agreement. 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The new arrangement includes a $100 million, five-year asset-backed revolving line of credit and a $13.5 million term loan. The term loan proceeds were used to reduce borrowings on the revolving credit line. PNC Capital Markets LLC and F.N.B. Capital Markets acted as Joint Lead Arrangers, with First National Bank of Pennsylvania and S&T Bank serving as Lenders. PNC Bank, National Association, will continue as the Agent for the Credit Facility. According to Michael McAuley, Senior Vice President and CFO of Ampco-Pittsburgh, the facility is designed to enhance lending capacity and flexibility to support the company's global operations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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