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FreightCar America, Inc. Agrees to Redeem All Outstanding Preferred Shares with New Term Loan

Jan 06, 2025•over 1 year ago

Contract Type

agreement

ChicagoManufacturingLogistics

Description

FreightCar America, Inc. has completed a new term loan facility to redeem all outstanding shares of Series C Preferred Stock and settle related accrued dividends. The new financing arrangement significantly reduces the company's cost of capital, further enhancing financial flexibility, cash generation, and ability to support its growth strategy.

Company Information

Company

FreightCar America

Location

Chicago, Illinois, United States

About

FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.