Core Viewpoint - L.B. Foster Company has successfully amended its credit agreement, enhancing its financial flexibility and capacity to support growth initiatives in the rail and infrastructure markets [1][2]. Financial Agreement Details - The company entered into a Fifth Amended and Restated Credit Agreement on June 27, 2025, extending the facility maturity date to June 27, 2030 [1]. - Borrowing capacity increased from $130 million to $150 million, with an additional $60 million incremental loan feature available [5]. - The revised terms include improved pricing and a more accommodating covenant package, reducing restrictions on corporate finance transactions [1][5]. Strategic Implications - The favorable terms of the credit agreement are expected to lower overall financing costs and provide greater flexibility for investments in growth programs and corporate finance initiatives [2][5]. - The company remains optimistic about opportunities in its core growth platforms, specifically Rail Technologies and Precast Concrete [2]. Company Background - Founded in 1902, L.B. Foster Company is a global technology solutions provider for the rail and infrastructure markets, with a focus on innovative engineering and product development [3]. - The company operates in North America, South America, Europe, and Asia, addressing safety, reliability, and performance needs for its customers [3].
L.B. Foster Company Completes Successful Amendment to its Revolving Credit Agreement