FreightCar America closes $115M term loan, redeems Series C Preferred Stock from PIMCO

FreightCar America, Inc.

Borrowed $115M under new Term Loan Agreement with Blue Torch Finance LLC; maturity Dec 31, 2028.
Proceeds of $113.3M used to redeem all outstanding Series C Preferred Stock at $1,000/share, including $27.9M accrued dividends.
Prior Siena Lending Group loan and PIMCO Reimbursement Agreement repaid in full and terminated.
Interest at Term SOFR + 6.00% (floor 3.00%) or base rate + 5.00%; covenants include max net leverage and min liquidity.
PIMCO, beneficial owner of 47.4% of common stock, redeemed its Series C Preferred.

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