secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001104659-24-107918
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000110465924107918/0001104659-24-107918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000110465924107918/tm2425665d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-107918

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