secwatch.observer — SEC 8-K summary
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Issuer:     Perma-Pipe International Holdings, Inc. (PPIH)
CIK:        0000914122
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001437749-26-012209
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/0001437749-26-012209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914122/000143774926012209/ppih20260412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-012209

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