L.B. Foster Company completes financing

30 April 2019

On April 30, 2019, L.B. Foster Company (NASDAQ: FSTR) completed a financing which included amending and restating its revolving credit facility agreement. 

Key elements to the financing included modifying the facility to US$140 million and involved certain of L.B. Foster’s Canadian and United Kingdom subsidiaries. The lending syndicate was led by PNC Bank, N.A. as Administrative Agent, with Bank of America N.A., Wells Fargo Bank N.A. and Citizens Bank, N.A., as Co-Syndication Agents, and BMO Harris Bank, N.A. as a participant. 

L.B. Foster is a leading manufacturer and distributor of products and services for transportation and energy infrastructure with locations in North America and Europe. 

Gowling WLG was Canadian counsel to L.B. Foster on the financing with a team that included Brent Kerr, Matt Mitchell and Harman Bains (banking), assisted by student at law Kean Silverthorn.


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