Energy Recovery enters $50M revolving credit facility with JPMorgan, replaces prior Citibank line

Energy Recovery, Inc.

$50M revolving credit facility; matures Dec 21, 2026; secured by substantially all assets.
Replaces existing Jan 2017 Citibank loan and pledge agreement.
Interest: base rate + 0.25-0.50% or LIBOR + 1.25-1.50%, based on leverage ratio.
$25M sublimit for letters of credit; custom affirmative/negative covenants included.

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