---
title: "Perma-Pipe Secures $89 Million Secured Credit Facility Led by JPMorgan, Maturing 2031"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297180995.md"
description: "Perma-Pipe secured an $89 million credit facility led by JPMorgan, maturing in August 2031. The deal includes a $75 million revolver and a $14 million term loan, with proceeds used to refinance its previous agreement. This new arrangement supports working capital, acquisitions, and general corporate purposes."
datetime: "2026-08-27T11:53:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297180995.md)
  - [en](https://longbridge.com/en/news/297180995.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297180995.md)
generator: "portal-rs"
---

# Perma-Pipe Secures $89 Million Secured Credit Facility Led by JPMorgan, Maturing 2031

Perma-Pipe entered a new secured global credit facility totaling $89 million, led by JPMorgan, consisting of a $75 million revolver and a $14 million term loan, both maturing Aug 25, 2031. Concurrently, the company terminated and fully repaid its April 8, 2026 credit agreement. The new facility includes availability for up to $30 million in letters of credit and a $5 million swingline, with leverage-based pricing and customary covenants. Proceeds refinanced the prior facility, and ongoing borrowings will support working capital, acquisitions, and general corporate purposes.

**New agreement details:**

-   **Agreement type**: Secured revolving and term loan credit facility
-   **Counterparty**: JPMorgan Chase Bank, as Administrative Agent, and other lenders
-   **Signed / Effective**: Aug 25 2026 / Aug 25 2026
-   **Duration / Termination**: 5 years (to Aug 25 2031)
-   **Reason**: Refinance debt and enhance liquidity

**Terminated agreement details:**

-   **Agreement terminated**: Credit Agreement
-   **Counterparty**: JPMorgan Chase Bank
-   **Original agreement date**: Apr 08 2026
-   **Termination date**: Aug 25 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Replaced by new 2026 Credit Agreement

Original SEC Filing: Perma-Pipe International Holdings, Inc. \[ PPIH \] - 8-K - Aug. 27, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**