{"schema_version":"secwatch.filing_event.v1","accession":"0000352825-25-000108","form_type":"8-K","ticker":"FSTR","cik":"0000352825","company_name":"FOSTER L B CO","filed_at":"2025-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.946614+00:00","generated_at":"2026-05-18T15:06:23.287333+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"L.B. Foster expands credit facility to $150M, extends maturity to 2030","bullets":["Borrowing capacity increased from $130M to $150M; incremental $60M loan feature available.","Maturity extended to June 27, 2030; pricing improved with base rate spread 0.25%-1.50%.","Financial covenants: max gross leverage 3.50x (4.00x acquisition period), min fixed charge coverage 1.10x.","Permitted acquisitions up to $75M each; liquidity of at least $15M required post-acquisition.","Dividends and share repurchases permitted subject to no default; five-bank syndicate led by PNC Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0000352825-25-000108","json":"https://secwatch.observer/filing/0000352825-25-000108.json","markdown":"https://secwatch.observer/filing/0000352825-25-000108.md","text":"https://secwatch.observer/filing/0000352825-25-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/352825/000035282525000108/0000352825-25-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/352825/000035282525000108/fstr-20250627.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T15:06:23.287333+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c4f5edf53638463d8e8765feee32282e6ea8ef53","claim":"FOSTER L B CO amended revolving credit of $150,000,000 with PNC Bank, N.A., Bank of America, N.A., Citizens Bank, N.A., and Wells Fargo Bank N.A. at base rate and Term SOFR rate spreads range from 0.25% to 1.50% and 1.25% to 2.50 maturing June 27, 2030.","evidence_excerpt":"date from August 13, 2026 to June 27, 2030. The Credit Agreement provides for a five-year, revolving credit facility that permits aggregate borrowings of the Borrowers up to $150,000,000 with sublimits for (a) the issuance of Letters of Credit in Dollars and in Alternative Currencies in an amount not to exceed the Dollar Equivalent of $30,000,000, and (b)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/352825/000035282525000108/0000352825-25-000108-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150,000,000"},{"label":"Counterparty","value":"PNC Bank, N.A., Bank of America, N.A., Citizens Bank, N.A., and Wells Fargo Bank N.A."},{"label":"Rate","value":"base rate and Term SOFR rate spreads range from 0.25% to 1.50% and 1.25% to 2.50"},{"label":"Maturity","value":"June 27, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}