SIFCO Industries closed a $35 million revolving credit facility and a $4.9 million term loan.

According to a related 8-K filing, KeyBank served as administrative agent, swing line lender, lead arranger and sole bookrunner.

Amounts borrowed under the credit facility are secured by substantially all the assets of the company and its U.S. subsidiaries and a pledge of 65% of the stock of its first-tier non-U.S. subsidiaries. Borrowings will bear interest at the LIBOR rate or prime rate, depending on the type of loan requested by the company, in each case plus the applicable margin as set forth in the credit agreement.