RAIL - Dividend announcements

New financing arrangement reduces Company's cost of capital by approximately 40% Further enhances financial flexibility, cash generation and ability to support growth strategy CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends. Highlights: The Company closed a $115 million 4-year term loan agreement on December

Company enhances capital structure Proceeds to eliminate existing term loan debt and delayed draw facility, and provide additional capital to support next phase of growth CHICAGO, March 27, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer of railroad freight cars, today announced the entry into an agreement to issue new non-convertible preferred stock (the "Preferred") to its current financial partner. The issuance is expected to occur on May 22, 2023 and the proceeds will be used to repay in-full the Company's outstanding term loan debt, provide additional working capital and enhance the Company's future