Freightcar america, inc. announces agreement to redeem all outstanding preferred shares with new term loan

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.
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