{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-012209","form_type":"8-K","ticker":"PPIH","cik":"0000914122","company_name":"Perma-Pipe International Holdings, Inc.","filed_at":"2026-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.927145+00:00","generated_at":"2026-05-15T06:30:55.940566+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Perma-Pipe enters $18M asset-based revolving credit facility with JPMorgan Chase","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-012209","json":"https://secwatch.observer/filing/0001437749-26-012209.json","markdown":"https://secwatch.observer/filing/0001437749-26-012209.md","text":"https://secwatch.observer/filing/0001437749-26-012209.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/ppih20260412_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:30:55.940566+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8fab21d65251ccbd0287d6140e0f95ec064dd2f","claim":"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.","evidence_excerpt":"The Credit Agreement provides for a senior secured asset‐based revolving credit facility with aggregate revolving commitments of $18.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$18.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"CB Floating Rate plus applicable margin ranging from 1.50% to 2.00% or adjusted"},{"label":"Maturity","value":"October 7, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8a2135e0af628712df584ac64ca968579e266e54","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$18,000,000 revolving credit facility"},{"label":"Effective","value":"2026-04-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}