Sypris Solutions Inc. has amended and restated its existing promissory note with Gill Family Capital Management, Inc., a company controlled by Sypris’s president and CEO, Jeffrey T. Gill, and director R. Scott Gill. The updated agreement, executed on January 12, 2026, extends the maturity date and each principal and interest payment date by one year. Under the revised terms, $2 million in principal is due on April 1, 2027, another $2 million on April 1, 2028, $5 million on April 1, 2029, and the remaining $3 million on April 1, 2030. The agreement also allows for the deferral of up to 100% of the interest due until April 1, 2027. All other terms from the previous agreement remain unchanged.
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. Sypris Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-001220), on January 14, 2026, and is solely responsible for the information contained therein.