Ceco Environmental upsizes credit facility to $400M

CECO Environmental has 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.