---
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"
generated_at: "2026-05-18T15:06:23.287333+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 credit facility to $150M, extends maturity to 2030

## Summary
- 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.

## SEC filing metadata
- 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
- 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/352825/000035282525000108/0000352825-25-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282525000108/fstr-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-25-000108
- JSON: https://secwatch.observer/filing/0000352825-25-000108.json
- Plain text: https://secwatch.observer/filing/0000352825-25-000108.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $150,000,000
  - Counterparty: PNC Bank, N.A., Bank of America, N.A., Citizens Bank, N.A., and Wells Fargo Bank N.A.
  - Rate: base rate and Term SOFR rate spreads range from 0.25% to 1.50% and 1.25% to 2.50
  - Maturity: June 27, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/352825/000035282525000108/0000352825-25-000108-index.htm

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