Ampco-Pittsburgh amends revolver via PNC Bank, revises sublimits

By Tali Rackner

Norfolk, Va., March 7 – Ampco-Pittsburgh Corp. entered into a second amendment to its revolving credit and security agreement with agent PNC Bank, NA on March 2, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement was amended to reduce the European sublimit to $15 million from $25 million, add a Canadian sublimit of $15 million and add ASW Steel and Akers AB as borrowers.

The Pittsburgh company produces forged and cast rolls for the steel and aluminum industries.

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