FreightCar America extends Siena loan maturity to Dec 31, 2024; revolver cut to $20M

FreightCar America, Inc.

Maturity of Siena Lending Group credit facility extended from Oct 31, 2024 to Dec 31, 2024.
Maximum revolving facility amount reduced from $45M to $20M.
Standby letter of credit of $25M (provided by CO Finance LVS VI LLC) removed.
Accounts advance rate remains 85%; accounts sublimit set at $20M.
Amendment avoids imminent maturity default but significantly reduces available borrowing capacity.

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