FreightCar America, Inc. Announces New $35 Million Asset-Based Lending Credit Facility
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FreightCar America, Inc. has announced a new $35 million asset-based lending credit facility. This expansion enhances the company's borrowing capacity, reduces its cost of capital, and improves financial flexibility to support its growth strategy.
February 18, 2025 | 9:30 pm
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FreightCar America, Inc. has secured a $35 million asset-based lending credit facility, which will enhance its borrowing capacity and reduce its cost of capital. This move is expected to improve the company's financial flexibility and support its growth strategy.
The new credit facility directly impacts FreightCar America by increasing its borrowing capacity and reducing capital costs, which are crucial for executing its growth strategy. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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