Perma-Pipe closes $139M global credit facility, consolidating existing debt

Perma-Pipe International Holdings, Inc.

New facility: $75M revolver + $14M term loan, plus $50M incremental capacity, matures Aug 25, 2031.
Replaces and consolidates multiple existing credit facilities across jurisdictions; $23M drawn on revolver at closing.
Borrowed $14M term loan to repay existing borrowings; proceeds for working capital and growth.
Financial covenants: leverage ratio ≤3.00x, fixed charge coverage ≥1.25x; interest margins based on leverage.

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