OAK BROOK, Ill., Jan. 27, 2016 ‒ Federal Signal Corporation (NYSE:FSS), a leader in environmental
and safety solutions, today announced the completion of a new five-year $325 million revolving
credit facility, to replace its existing $225 million credit facility. The arrangement also provides the
Company with the flexibility to borrow up to an additional $75 million under the new facility, subject
to approval by applicable lenders.
Jennifer L. Sherman, Federal Signal’s President and Chief Executive Officer, commented, “We are
extremely pleased to announce this new credit facility, which provides greater financial flexibility to
invest in internal growth initiatives and pursue acquisitions. The terms of the new facility are more
favorable to the Company, reflecting the Company’s strong cash flow and balance sheet, as well as
current market conditions. This marks another important milestone on our path to disciplined,
The syndication of the new facility was completed with Wells Fargo Securities, LLC and J.P. Morgan
Securities LLC acting as Joint Lead Arrangers and Joint Bookrunners, JPMorgan Chase Bank, N.A. as
Syndication Agent and KeyBank National Association as Documentation Agent. Wells Fargo Bank,
National Association, will serve as Administrative Agent.
Details of the credit facility will be available in a Form 8-K to be filed by the Company.
View the complete release here