FreightCar America, Inc. Announces Agreement to Redeem All Outstanding Preferred Shares with New Term Loan
Freightcar America, Inc. (RAIL)
Last freightcar america, inc. earnings: 2/26 08:06 pm
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freightcaramerica.com
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Source: GlobeNewswire
New financing arrangement reduces Company’s cost of capital by approximately 40% Further enhances financial flexibility, cash generation and ability to support growth strategy CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends. Highlights: The Company closed a $115 million 4-year term loan agreement on December 31st, 2024 (the “Term Loan”).Proceeds from the Term Loan were used to redeem all 85,412 shares of Series C Preferred Stock that were outstanding and all accrued dividends as of December 31st, 2024.The Term Loan is priced at SOFR + 600, which will reduce the Company’s existing cost of capital by a
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RAIL
Earnings
- 11/10/25 - Beat
RAIL
Sec Filings
- 11/10/25 - Form 10-Q
- 11/10/25 - Form 8-K
- RAIL's page on the SEC website