---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-21-000054"
form_type: "8-K"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2021-08-16T23:59:59+00:00"
generated_at: "2026-06-29T10:35:58.745050+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000352825-21-000054
- form_type: 8-K
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2021-08-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352825/000035282521000054/0000352825-21-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282521000054/fstr-20210816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-21-000054
- JSON: https://secwatch.observer/filing/0000352825-21-000054.json
- Plain text: https://secwatch.observer/filing/0000352825-21-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.