FreightCar gets $100 million amended and restated revolver

By Sara Rosenberg

New York, Aug. 28 - FreightCar America Inc. closed on a $100 million senior secured amended and restated revolving credit facility due May 31, 2012, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

LaSalle Bank acted as the arranger and administrative agent on the deal that was completed on Aug. 24.

Pricing on the revolver can range from Libor plus 87.5 basis points to 150 bps and the commitment fee can range from 17.5 bps to 25 bps, depending on availability.

There is a $50 million accordion feature.

FreightCar is a Chicago-based company involved in manufacturing, rebuilding, repairing, selling, and leasing freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products and automobiles.

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