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Freightcar America ( (RAIL) ) just unveiled an announcement.
FreightCar America, Inc. entered into a $115 million Term Loan Agreement with Blue Torch Finance LLC on December 31, 2024, enabling the company to repay all debts and obligations under previous loan agreements, thereby releasing all related liens and security interests. Additionally, the company utilized the loan proceeds to redeem all outstanding Series C Preferred Stock from an affiliate of PIMCO, with a redemption price totaling $113,274,739, effectively terminating the rights of the stockholders and consolidating its financial structure.
More about Freightcar America
FreightCar America, Inc. operates in the transportation industry, specializing in the manufacturing of freight cars. It focuses on providing railcar solutions across North America, catering to the needs of various industrial sectors.
YTD Price Performance: 7.02%
Average Trading Volume: 404,099
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $192.9M
For a thorough assessment of RAIL stock, go to TipRanks’ Stock Analysis page.
