CECO Environmental enters new $400M credit facility, extends maturity to 2029

CECO ENVIRONMENTAL CORP

Initial revolving credit facility of $400M; can be increased by up to $125M plus additional subject to leverage ratio.
Matures October 7, 2029; replaces 2019 credit agreement.
Interest rate spreads range from 1.75% to 3.25% over SOFR/EURIBOR/CORRA.
Financial covenants: max net leverage 4.00x, max secured net leverage 3.00x, min fixed charge coverage 1.25x.
$146.6M outstanding on effective date under the new facility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.