secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001421517-22-000005
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000005/0001421517-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151722000005/erii-20211222.htm
  HTML page:      https://secwatch.observer/filing/0001421517-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer