UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event July 27, 2007 (July 27, 2007)
reported) -------------------------------
L. B. Foster Company
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(Exact name of registrant as specified in its charter)
Pennsylvania 000-10436 25-1324733
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
415 Holiday Drive, Pittsburgh, Pennsylvania 15220
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 928-3417
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None
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into a Material Definitive Agreement
On July 27, 2007, L. B. Foster Company and certain of its subsidiaries (the
"Borrowers") executed the Fourth Amendment to the Amended and Restated Revolving
Credit Agreement with PNC Bank, National Association, as a lender and agent
bank, LaSalle Bank National Association, as a lender, and First Commonwealth
Bank, as a lender. The Amendment is attached hereto and incorporated herein by
reference. The amendment provides for an increase in the banks' revolving line
commitment from $75 million to $90 million. Additionally, the amendment
establishes a $20 million term loan that will be immediately applied to pay down
existing drawings on the revolving line. The term loan will be amortized over
seven years with a balloon payment on outstanding principal due at the maturity
of the loan agreement, May 5, 2011. If average revolver availability should fall
below $10 million over a 30-day period, the loans become immediately secured by
a lien on the Borrowers' equipment that is not encumbered by other liens.
Borrowers' are obligated to satisfy a fixed charge coverage ratio of 1.05 to 1.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
10.0.4 Fourth Amendment dated July 27, 2007 to Revolving Credit and
Security Agreement
SIGNATURES
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 hereunto duly authorized.
L.B. Foster Company
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(Registrant)
Date: July 27, 2007
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/s/David J. Russo
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David J. Russo
Senior Vice President,
Chief Financial Officer and Treasurer
EXHIBIT INDEX
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10.0.4 Fourth Amendment dated July 27, 2007 to Revolving Credit and
Security Agreement.