---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-139875"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:54:16.569410+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CECO ups revolving credit to $740M, adds $235M term loan for Thermon acquisition

## Summary
- Amended credit agreement increases revolver commitments to $740M from prior amount; $254.8M drawn at closing.
- Added new $235M delayed-draw term loan (Incremental Term A-1) to finance the Thermon (Longhorn) acquisition.
- Credit facility maturity extended to January 30, 2031; includes optional one-year extension.
- Financial covenants relaxed post-acquisition: max net leverage ratio rises to 4.50x initially, stepping down to 4.00x.
- Minimum fixed charge coverage replaced with minimum interest coverage ratio of 3.00x after acquisition funding.

## SEC filing metadata
- accession: 0001193125-26-139875
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000119312526139875/0001193125-26-139875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000119312526139875/ceco-20260330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-139875
- JSON: https://secwatch.observer/filing/0001193125-26-139875.json
- Plain text: https://secwatch.observer/filing/0001193125-26-139875.txt

## Source-grounded claims
- claim_id: ff76c2d3181d6e0c38bba5a54957cc99f0ea0f60
  claim: CECO ENVIRONMENTAL CORP amended credit facility of $740 million in senior secured revolving credit facility commitments; $235 million incremental senior secured delayed-dr with Bank of America, N.A., as administrative agent at Base rate loans: applicable rate of 0.50% to 2.00% plus highest of (1) Agent's p maturing January 30, 2031.
  evidence_excerpt: On March 30, 2026 (the “Effective Date”), CECO Environmental Corp. (the “Company”) entered into that certain Amendment No. 1 to Fourth Amended and Restated Credit Agreement (the “Amendment”), among the Company, its subsidiaries party thereto, the Lenders (as defined below) party thereto, and Bank of America, N.A., as administrative agent (the “Agent”), which amends the Company’s Fourth Amended and Restated Credit Agreement (the “Existing Credit Agreement”; the Existing Credit Agreement as amended by the Amendment, the “Credit Agreement”), among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto (the “Lenders”), and the Agent. The Amendment amends the Existing Credit Agreement to, among other things, (i) increase the aggregate principal amount of the senior secured revolving credit facility commitments under the Credit Agreement to $740 million (the “Revolving Facility”); (ii) add an incremental senior secured delayed-draw term loa
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000119312526139875/0001193125-26-139875-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.