CECO expands credit facility, lifts revolver commitments to $740 million

Reuters04-03 03:16

CECO expands credit facility, lifts revolver commitments to $740 million

CECO Environmental entered Amendment No. 1 to its Fourth Amended and Restated Credit Agreement on March 30, 2026 with Bank of America as administrative agent.
Amendment lifts senior secured revolving credit facility commitments to USD 740 million.
New USD 235 million senior secured delayed-draw Term A-1 facility added to fund Longhorn acquisition.
Leverage covenant headroom increased post-deal, with maximum consolidated net leverage ratio stepping down from 4.5x to 4.0x over time.
Revolver borrowings totaled USD 254.8 million as of effective date; Term A-1 borrowings were USD 0.

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. CECO Environmental Corporation 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: 0001193125-26-139875), on April 02, 2026, and is solely responsible for the information contained therein.

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