---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-22-000005"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2022-01-06T23:59:59+00:00"
generated_at: "2026-06-27T20:10:34.469522+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001421517-22-000005
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2022-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000005/0001421517-22-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151722000005/erii-20211222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-22-000005
- JSON: https://secwatch.observer/filing/0001421517-22-000005.json
- Plain text: https://secwatch.observer/filing/0001421517-22-000005.txt

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