---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-031141"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:47:49.081857+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FreightCar America subsidiary pays $4.48M to settle M&T credit agreement, terminates forbearance

## Summary
- FreightCar America Leasing paid $4,480,000 to M&T Bank to satisfy obligations under a credit agreement that matured April 2021.
- Payment funded by sale of railcars and related leases to a third party; lessee payments to M&T were made timely.
- As a result, the M&T Credit Agreement, related documents, and Forbearance Agreement are terminated; obligations deemed satisfied in full.

## SEC filing metadata
- accession: 0000950170-23-031141
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017023031141/0000950170-23-031141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017023031141/rail-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-031141
- JSON: https://secwatch.observer/filing/0000950170-23-031141.json
- Plain text: https://secwatch.observer/filing/0000950170-23-031141.txt

## Key facts
- Material Agreements
  FreightCar America, Inc. terminated M&T Credit Agreement with M & T Bank, N.A. (effective 2023-06-30).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: M & T Bank, N.A.
  - Effective: 2023-06-30
  source text: FCA Leasing’s obligations under the M&T Credit Agreement are deemed satisfied in full and the M&T Credit Agreement and all other Credit Documents (as defined in the M&T Credit Agreement), as well as the Forbearance Agreement, are terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023031141/0000950170-23-031141-index.htm

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