Federal Signal enters $800M credit facility, replacing $500M; $675M revolver & $125M term loan due 2027

FEDERAL SIGNAL CORP /DE/

New $800M credit facility comprises $675M revolver and $125M term loan, maturing October 2027.
Facility replaces prior $500M credit agreement, providing greater financial flexibility.
Borrowing capacity can be expanded by up to $400M or 100% of EBITDA, subject to lender approval.
CEO Jennifer Sherman cited more favorable terms and ability to pursue acquisitions.

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