secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001193125-26-036815
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CECO Environmental enters $700M revolving credit facility maturing 2031
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- Facility size of $700M, with option to increase by up to $150M plus additional amount subject to leverage test.
- Maturity extended to January 30, 2031; interest rates based on leverage ratio (Base Rate + 0.50%-2.00% or Term SOFR + 1.50%-3.00%).
- $235.8M outstanding at closing; proceeds for general corporate purposes.
- Financial covenants: Consolidated Net Leverage Ratio ≤ 4.00x, Secured Net Leverage ≤ 3.50x, Fixed Charge Coverage ≥ 1.25x.
- Lenders include Bank of America, TD Bank, Fifth Third, PNC, Citibank, City National, JPMorgan, Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000119312526036815/0001193125-26-036815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000119312526036815/ceco-20260130.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-036815

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