financetom
Business
financetom
/
Business
/
L. B. Foster Boosts Borrowing Capacity on Credit Facility, Extends Maturity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Academic publishers face class action over 'peer review' pay, other restrictions
Academic publishers face class action over 'peer review' pay, other restrictions
Sep 13, 2024
Sept 13 (Reuters) - A University of California Los Angeles neuroscience professor has sued six major academic journal publishers, claiming in a proposed class action that they violated antitrust law by barring simultaneous submissions to multiple journals and denying pay for peer review services. Professor Lucina Uddin filed the lawsuit in Brooklyn federal court on Thursday against Elsevier, John Wiley...
White House officials signal delay in U.S. Steel takeover decision, Washington Post reports
White House officials signal delay in U.S. Steel takeover decision, Washington Post reports
Sep 13, 2024
(Reuters) - White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel by Japan's Nippon Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel all declined to comment. The White House did not immediately respond to a Reuters request for comment. Nippon...
Boeing CEO Already Working on Labor Deal with Union Workers, CFO Says
Boeing CEO Already Working on Labor Deal with Union Workers, CFO Says
Sep 13, 2024
01:10 PM EDT, 09/13/2024 (MT Newswires) -- Boeing's ( BA ) newly appointed chief Kelly Ortberg is already at work to get an agreement between the plane maker and workers after a tentative deal was rejected earlier Friday, an executive said at an industry conference. Boeing ( BA ) Chief Financial Officer Brian J. West told participants at a Morgan...
--GE Aerospace Keeps Quarterly Dividend at $0.28 a Share, Payable Oct. 25 to Shareholders of Record Sept. 26
--GE Aerospace Keeps Quarterly Dividend at $0.28 a Share, Payable Oct. 25 to Shareholders of Record Sept. 26
Sep 13, 2024
01:11 PM EDT, 09/13/2024 (MT Newswires) -- Price: 177.85, Change: +8.15, Percent Change: +4.80 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved