Brief: FreightCar America Announces Agreement To Issue Non-Convertible Preferred Stock

Freightcar America

27/03/2023 11:07

By Caitlin Tremblay
       March 27 (Reuters) - FreightCar America Inc  RAIL.O :
    * FREIGHTCAR AMERICA, INC. ANNOUNCES AGREEMENT TO ISSUE
NON-CONVERTIBLE PREFERRED STOCK TO REDUCE DEBT AND PROVIDE
GROWTH CAPITAL
    * FREIGHTCAR AMERICA - PROCEEDS TO ELIMINATE EXISTING TERM
LOAN
DEBT & DELAYED DRAW FACILITY, PROVIDE ADDITIONAL CAPITAL TO
SUPPORT NEXT PHASE OF GROWTH
    * FREIGHTCAR AMERICA - EXPECTS ABOUT $10 MILLION OF
IMPROVEMENT IN
ANNUAL OPERATING CASH FLOWS DUE TO SAVINGS ON ITS ABL FACILITY &
DEFERRED CASH DIVIDENDS

Source text for Eikon:  ID:nGNX4Y0pCd 
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