Amcast Announces Extension of LIFO Loan Agreement.Business Editors DAYTON Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , Ohio--(BUSINESS WIRE)--June 6, 2002 Amcast Industrial Corporation, (NYSE NYSE See: New York Stock Exchange :AIZ AIZ Lake of the Ozarks, Missouri (Lee C. Fine Memorial Airport) AIZ Air Intercept Zone AIZ Anti Imperialistische Zelle(n) (German: Anti-Imperialistic Cell; now defunct terrorist group) ) today announced that the Company has amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. and extended its LIFO (Last In-First Out) A queueing method in which the next item to be retrieved is the item most recently placed in the queue. Contrast with FIFO. LIFO - stack loan agreement with its bank-lending group. This working capital facility allows for the availability of $20 million of additional loans to September 14, 2002. Byron O. Pond, Chairman of the Board and Chief Executive Officer, stated, "The Company is progressing in its discussions for an extension of its loan agreement to September 2003. This LIFO facility, which has never been drawn against, will be extended to September 2003 upon execution and extension of the existing loan agreement." The Company expects to report fiscal third quarter results the week of June 24, 2002, and will conduct a conference call to discuss results and financing initiatives. Date and time of the webcast will be indicated in the release. Amcast Industrial Corporation is a leading manufacturer of technology-intensive metal products. Its two business segments are brand name Flow Control Products marketed through national distribution channels, and Engineered Components for original equipment manufacturers. The company serves the automotive, construction, and industrial sectors of the economy. |
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