MarketPR
A new credit facility puts Perma-Pipe International Holdings (Nasdaq: PPIH) on more consolidated financial footing as it pushes deeper into international markets.
The Woodlands, Texas-based piping and corrosion protection specialist closed a global arrangement with J.P.
Morgan on August 27, 2026, consisting of a $75.0 million revolving credit facility and a $14.0 million term loan, with access to an additional $50.0 million in incremental capacity, bringing total availability to up to $139 million.
The next confirmable moment for PPIH is any backlog or order-book update tied to the additional liquidity headroom.
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