secwatch / observer
8-K filed March 1, 2023, 6:59 PM ET ticker RAIL CIK 0001320854
debt confidence high sentiment neutral materiality 0.30

FreightCar America extends draw deadline for $15M delayed draw loan to April 3, 2023

FreightCar America, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FreightCar America, Inc. amended Amendment No. 7 to Credit Agreement with CO Finance LVS VI LLC and OC III LFE II LP valued at $15 million (effective 2023-02-27).

Action
amendment
Agreement
credit facility
Counterparty
CO Finance LVS VI LLC and OC III LFE II LP
Value
$15 million
Effective
2023-02-27
Exact text from the filing
On February 27, 2023, FreightCar North America, LLC, FreightCar America, Inc. (the “Company”), certain other subsidiary guarantors of the Company, CO Finance LVS VI LLC and OC III LFE II LP (collectively, the “Loan Parties”) entered into Amendment No. 7 to Credit Agreement (the “Amendment”), with respect to that certain Credit Agreement dated as of October 13, 2020 by and among the Loan Parties (as amended, restated, supplemented or otherwise modified from time to time, and together with the Amendment, the “Term Loan Credit Agreement). The Amendment amends the Term Loan Credit Agreement to extend the date for the Company to draw on the delayed draw loan of $15 million from March 3, 2023 to April 3, 2023.
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FreightCar America, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-005500
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