Rolling stock procurement, commissioning, maintenance and servicing consultancy Trechnology has acquired Schlummer Management Consulting. SMC founder Edmund Schlummer is retiring but will remain connected in an advisory capacity. The companies will continue to operate independently, but the SMC headquarters will move to Hamburg.
On December 31 FreightCar America closed a $115m four-year term loan agreement, with the proceeds used to redeem all 85 412 shares of Series C Preferred Stock that were outstanding and all accrued dividends as of the same date. The term loan is priced at SOFR + 600, which will reduce…
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