L.b. foster company expands and extends credit agreement on more favorable terms

Pittsburgh, aug. 16, 2021 (globe newswire) -- l.b. foster company (the "company") (nasdaq: fstr), a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, today announced that on august 13, 2021, it entered into a fourth amended and restated credit agreement (“credit agreement”) to, among other considerations, extend the facility maturity date to august 13, 2026, increase borrowing capacity to $130 million, improve pricing, and provide a more accommodating covenant package. the credit agreement is available for working capital financing, capital expenditures, issuance of letters of credit, permitted acquisitions, and general corporate purposes.
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