---
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"
generated_at: "2026-05-15T06:30:55.940566+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Perma-Pipe enters $18M asset-based revolving credit facility with JPMorgan Chase

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-012209
- JSON: https://secwatch.observer/filing/0001437749-26-012209.json
- Plain text: https://secwatch.observer/filing/0001437749-26-012209.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Agreement provides for a senior secured asset‐based revolving credit facility with aggregate revolving commitments of $18.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm

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