---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-002119"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T09:57:34.226112+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-002119
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017025002119/0000950170-25-002119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017025002119/rail-20241231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-002119
- JSON: https://secwatch.observer/filing/0000950170-25-002119.json
- Plain text: https://secwatch.observer/filing/0000950170-25-002119.txt

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