L.B. Foster expands revolving credit facility to $130M, extends maturity to 2026, reduces borrowing cost by ~200 bps

FOSTER L B CO

New $130M revolver (up from $115M) matures Aug 13, 2026; incremental feature allows up to $50M additional.
Borrowing cost reduced by ~200 basis points; base rate and LIBOR spreads range 0.25%-1.25% and 1.25%-2.25%.
Covenant package: max gross leverage 3.25x (3.50x during acquisition period), min fixed charge coverage >1.05x.
Facility available for working capital, capex, LCs, acquisitions, general corporate; secured by substantially all assets.
Five-bank syndicate led by PNC Bank; CEO cites increased financial flexibility for growth opportunities.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.