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.

item 1.01item 2.03item 9.01

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