FreightCar America Files 8-K for Material Agreement

TL;DR

FreightCar America signed a big deal on Oct 30th, expect financial moves.

AI Summary

On October 30, 2024, FreightCar America, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices in Chicago, Illinois, filed this 8-K report with the SEC.

Why It Matters

This filing indicates FreightCar America has entered into a significant agreement that likely involves financial commitments or obligations, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce financial risks and operational changes for the company.

Key Numbers

• 000-51237 — SEC File Number (Identifies the company's SEC filing record.)
• 25-1837219 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• FreightCar America, Inc. (company) — Registrant
• October 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Chicago, Illinois (location) — Principal Executive Offices
• 125 S. Wacker Drive, Suite 1500 (address) — Principal Executive Offices Address

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share RAIL Nasdaq Global Market
• $45.0 million — Maximum Revolving Facility Amount from $45.0 million to $20.0 million; and (iii) removed the
• $20.0 million — g Facility Amount from $45.0 million to $20.0 million; and (iii) removed the standby letter o
• $25.0 million — er of credit in the principal amount of $25.0 million for the account of the Company and for

Filing Documents

• rail-20241030.htm (8-K) — 39KB
• rail-ex10_1.htm (EX-10.1) — 134KB
• 0000950170-24-120097.txt ( ) — 305KB
• rail-20241030.xsd (EX-101.SCH) — 31KB
• rail-20241030_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Fourth Amendment to Amended and Restated Loan and Security Agreement On October 30, 2024, FreightCar North America, LLC ("Borrower" and together with FreightCar America, Inc. (the "Company") and certain other subsidiary borrowers and guarantors, collectively, the "Loan Parties") entered into a Fourth Amendment to the Amended and Restated Loan and Security Agreement, which amends the Amended and Restated Loan and Security Agreement, dated July 30, 2021, as amended by the First Amendment to the Amended and Restated Loan and Security Agreement, dated February 23, 2022, by the Second Amendment to the Amended and Restated Loan and Security Agreement, dated November 22, 2022, and by the Third Amendment to the Amended and Restated Loan and Security Agreement, dated September 21, 2023 (such original agreement as amended prior to the Fourth Amendment to the Amended and Restated Loan and Security Agreement, the "Siena Loan Agreement"), by and among the Loan Parties and Siena Lending Group LLC (the "Revolving Loan Lender"). The Fourth Amendment to the Amended and Restated Loan and Security Agreement, among other things, (i) extended the scheduled maturity date of the Siena Loan Agreement from October 31, 2024 to December 31, 2024; (ii) decreased the Maximum Revolving Facility Amount from $45.0 million to $20.0 million; and (iii) removed the standby letter of credit in the principal amount of $25.0 million for the account of the Company and for the benefit of the Revolving Loan Lender, obtained by CO Finance LVS VI LLC, as lender, and issued by Wells Fargo Bank, N.A. pursuant to the Amendment No. 3 to the Credit Agreement, dated as of July 30, 2021, which amends that certain Credit Agreement, dated October 13, 2020, by and among the Loan Parties, CO Finance LVS VI LLC, as lender, and U.S. Bank National Association, as disbursing agent and collateral agent, as amended by the Amendment No. 1 to the Credit Agreement, dat

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 10.1 Fourth Amendment to Amended and Restated Loan and Security Agreement, dated as of October 30, 2024, by and among the Company and certain of its subsidiaries and Siena Lending Group LLC. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FREIGHTCAR AMERICA, INC. Date: November 1, 2024 By: /s/ Michael A. Riordan Michael A. Riordan Vice President, Finance, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR