This excerpt taken from the RAIL 8-K filed May 31, 2005.
Item 1.02 Termination of a Material Definitive Agreement
On May 26, 2005, FreightCar America, Inc. (the Company) repaid the aggregate principal amount and accrued interest outstanding under the industrial revenue bonds that were issued on December 12, 1995 by its subsidiary Freight Car Services, Inc. (Freight Car Services). The aggregate amount outstanding was repaid with proceeds from the Companys initial public offering, which closed on April 11, 2005. The industrial revenue bonds bore interest at a weekly variable rate and were scheduled to mature on December 1, 2010. As a result of this repayment, the obligations of Freight Car Services under the Loan Agreement by and between Freight Car Services and the City of Danville, Illinois, dated as of December 1, 1995, and the related promissory note were terminated, effective May 26, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.