Perma-Pipe International Holdings, Inc. (PPIH): debt financing — Perma-Pipe enters $18M asset-based revolving credit facility with JPMorgan Chase

Perma-Pipe International Holdings, Inc.

Revolving commitment of $18M, including $1.5M sublimit for letters of credit.
Facility matures October 7, 2027; borrowings limited to borrowing base of 80% eligible AR plus 25% eligible inventory.
Interest margins: CB Floating Rate + 1.50-2.00% or SOFR + 2.50-3.00%, plus commitment fee 0.20-0.30% on unused portion.
Financial covenant requires minimum Fixed Charge Coverage Ratio tested when availability thresholds are breached.
Secured by substantially all assets of the company and guarantor subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Perma-Pipe International Holdings, Inc. incurred revolving credit of $18.0 million with JPMorgan Chase Bank, N.A. at CB Floating Rate plus applicable margin ranging from 1.50% to 2.00% or adjusted maturing October 7, 2027.

Instrument: revolving credit
Principal: $18.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: CB Floating Rate plus applicable margin ranging from 1.50% to 2.00% or adjusted
Maturity: October 7, 2027
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a senior secured asset‐based revolving credit facility with aggregate revolving commitments of $18.0 million

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Perma-Pipe International Holdings, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $18,000,000 revolving credit facility (effective 2026-04-08).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $18,000,000 revolving credit facility
Effective: 2026-04-08

Exact text from the filing

On April 8, 2026, Perma‐Pipe International Holdings, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, as borrower, the other loan parties thereto, and JPMorgan Chase Bank, N.A., as lender (the “Lender”).

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102 debt financings filed in the last 30 days. Browse all debt financings →

Perma-Pipe International Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-012209

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