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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
ChicagoManufacturingLogisticsDescription
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.
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