FreightCar America secures new $35M ABL facility with Bank of America, rates down 35%

FreightCar America, Inc.

New $35 million ABL revolving credit facility with Bank of America, maturity ~4.75 years.
Interest rate of SOFR + 175 bps, reducing borrowing cost by ~35% vs prior facility.
Facility to optimize working capital and support growth strategy.
CFO Michael Riordan says it's part of comprehensive refinancing efforts.

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