---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-029064"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2026-08-27T11:43:34+00:00"
generated_at: "2026-08-27T11:45:06.253312+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-029064
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2026-08-27T11:43:34+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774926029064/0001437749-26-029064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774926029064/ppih20260826_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-029064
- JSON: https://secwatch.observer/filing/0001437749-26-029064.json
- Plain text: https://secwatch.observer/filing/0001437749-26-029064.txt

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