FreightCar America, Inc. Announces New $35 Million Asset-Based Lending Credit Facility [Yahoo! Finance]
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: Yahoo! Finance
3 min read In This Article RAIL FreightCar America, Inc. Expanded credit facility enhances borrowing capacity and reduces cost of capital Further 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 America New facility structured with a maturity of 4 years and 9 months from the closing date Provides a lower interest rate of SOFR + 175, reducing credit facility borrowing costs by appr
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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