FreightCar North America Enters into an Amendment No. 2 to the Term Loan Credit Agreement
May 20, 2021 at 04:36 pm EDT
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On May 14, 2021, FreightCar North America entered into an Amendment No. 2 to the Term Loan Credit Agreement with CO Finance LVS VI LLC, as lender affiliate of a corporate credit fund, and U.S. Bank National Association, as disbursing agent and collateral agent to which the principal amount of the term loan credit facility was increased by $16.0 million to a total of $56.0 million, with such additional $16.0 million to be funded upon the satisfaction of certain conditions precedent set forth in the Amendment The Additional Loan closed and was funded on May 17, 2021.
FreightCar America, Inc. is a diversified manufacturer of railcars and railcar components. The Company designs and manufactures a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including box cars, open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company offers Versaflood II, open top hoppers in all steel and hybrid configurations (aluminum/stainless steel) with a patented automatic door system; 52 and 66 mill gondolas in multiple cubic capacities; rotary and non-rotary aggregate gondolas; triple hoppers in all steel and hybrid configurations; intermodal flats (including single unit, 2 unit and 3 unit, 53 well cars) and non-intermodal flat cars including 64 - 89 length for general purpose, steel slab (hot and cold), and bulkhead flats. It offers covered hopper railcar product offerings encompass a wide range of cubic foot (CF) capacity designs.
FREIGHTCAR AMERICA, INC. 
