CECO Environmental Corp., a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility. This expansion from the existing $246 million aggregate capacity underscores CECO's strategic commitment to strengthening its financial resources in pursuit of both organic and inorganic growth.
The expanded credit facility comes with a five-year term and an option to increase the facility by $125 million. This move enables CECO with additional resources to efficiently fund potential opportunities and expand its footprint in global markets.
Bank of America is the Administrative Agent; BofA Securities and TD Securities are the Joint Lead Arrangers, and The Toronto-Dominion Bank, New York Branch, Citibank, Fifth Third Bank and JPMorgan Chase Bank are Co-Syndication Agents.