Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
FreightCar America, Inc. incurred revolving credit of up to $35.0 million with Bank of America, N.A. at Term SOFR rate plus an applicable margin ranging from 1.50% to 2.00% per annum o maturing February 12, 2030.
- Instrument
- revolving credit
- Principal
- up to $35.0 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR rate plus an applicable margin ranging from 1.50% to 2.00% per annum o
- Maturity
- February 12, 2030
- Event
- incurrence
Exact text from the filing
On February 12, 2025, FreightCar America, Inc. (the “Company”), FreightCar North America, LLC (“FCNA”) and certain subsidiaries of FCNA (together with FCNA, collectively, the “Borrowers,” and the Company and the Borrowers, collectively, the “Loan Parties”) entered into a Loan and Security Agreement (the “BofA Loan Agreement”) by and among the Loan Parties, the lenders from time to time party thereto (the “Lenders”), and Bank of America, N.A., as agent for the Lenders (“Agent”). Pursuant to the BofA Loan Agreement, the Lenders extended an asset backed credit facility, in the maximum aggregate principal amount of up to $35.0 million, consisting of revolving loans and a sub-facility for letters of credit.
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