FreightCar America, Inc. Announces New $35 Million Asset-Based Lending Credit Facility
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
Expanded credit facility enhances borrowing capacity and reduces cost of capitalFurther enhances financial flexibility and ability to support growth strategy CHICAGO, Feb. 18, 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 closed a new Asset-Based Lending (“ABL”) credit facility with Bank of America. The new ABL credit agreement will provide FreightCar America with a $35 million revolving credit facility and be used to optimize working capital needs and improve financial flexibility. Highlights The Company secured a new $35 million ABL credit facility with Bank of AmericaNew facility structured with a maturity of 4 years and 9 months from the closing dateProvides a lower interest rate of SOFR + 175, reducing credit facility borrowing costs by approximately 35% compared to the Company’s previous ABL credit facilityThe faci
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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