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Perma-Pipe enters $18 million asset-based revolving credit facility with JPMorgan Chase Bank

PUBT·04/14/2026 15:14:38
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Perma-Pipe enters $18 million asset-based revolving credit facility with JPMorgan Chase Bank
  • Perma-Pipe entered a credit agreement on April 8, 2026 with JPMorgan Chase Bank for a senior secured asset-based revolving credit facility with USD 18 million in commitments.
  • Facility includes a USD 1.5 million letters of credit sublimit.
  • Revolver matures on Oct. 7, 2027.
  • Borrowing capacity is limited by an asset-based formula tied to eligible receivables and inventory.
  • Pricing is variable, with CB Floating Rate loans at 1.5%-2% over base or SOFR loans at 2.5%-3% over adjusted term SOFR.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perma-Pipe International Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-012209), on April 14, 2026, and is solely responsible for the information contained therein.