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Actionable news in USAP: Universal Stainless & Alloy Products, Inc.,

Entry into a Material Definitive

On October23, 2015, Universal Stainless& Alloy Products, Inc. (the Company) entered into a Fourth Amendment to Credit Agreement (the Fourth Amendment), by and among the Company, the other Borrowers (as defined in the Fourth Amendment) party thereto, the Lenders (as defined in the Fourth Amendment) and PNC Bank, National Association, as Administrative Agent. The Fourth Amendment amended the Companys Credit Agreement, dated as of August18, 2011 (as amended, the Credit Agreement), which previously was amended by the First Amendment to Credit Agreement, dated as of March19, 2012, the Second Amendment to Credit Agreement, dated as of March29, 2013, and the Third Amendment to Credit Agreement, dated as of November7, 2013.

Pursuant to the Fourth Amendment, which is effective as of S eptember30, 2015, the leverage ratio covenant contained in the Credit Agreement prior to the Fourth Amendment has been eliminated with respect to quarters ending after September30, 2015, and testing under the fixed...


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