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L. B. Foster Boosts Borrowing Capacity on Credit Facility, Extends Maturity
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L. B. Foster Boosts Borrowing Capacity on Credit Facility, Extends Maturity
Jun 30, 2025 2:43 PM

05:16 PM EDT, 06/30/2025 (MT Newswires) -- L. B. Foster ( FSTR ) increased the borrowing capacity in a revolving credit agreement to $150 million from $130 million and extended the maturity to June 27, 2030.

The amendment includes a $60 million incremental loan feature, the company said Monday in a statement.

The amended facility improves pricing and offers a more flexible covenant package with fewer restrictions on corporate finance transactions, the company said.

The facility is available for working capital financing, capital expenditures, acquisitions and general corporate purposes.

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