Statesman Corporate Finance Advises Perma-Pipe International Holdings on Global Credit Facility of Up to $139 Million

HOUSTON, TEXAS (September 23, 2026) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that it served as financial advisor to Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) (“Perma-Pipe” or the “Company”) in securing a new global credit facility with J.P. Morgan totaling up to $139 million. The transaction closed August 25, 2026.

The financing consists of a $75 million revolving credit facility, a $14 million term loan facility, and access to an additional $50 million of incremental capacity. The new facility consolidates Perma-Pipe’s existing credit arrangements into a single global financing structure, providing a more efficient and centralized platform to support the Company’s international operations.

Perma-Pipe is a leading provider of engineered piping systems and leak detection solutions serving energy, infrastructure, and industrial markets worldwide. The Company is headquartered in the US with operations throughout North America, the United Arab Emirates, Saudi Arabia, Egypt, Qatar, and India. The new credit facility enhances Perma-Pipe’s liquidity and financial flexibility, providing the capital needed to support working capital requirements, pursue strategic growth opportunities, and continue expanding its presence in key markets around the world.

“We were honored to advise Perma-Pipe throughout this process and help deliver a financing solution that aligns with the company’s long-term strategic objectives,” said Will Jaco, Managing Member of Statesman Corporate Finance. “Perma-Pipe has built an impressive platform serving customers around the world, and this facility provides additional resources to support its continued success.”

“We are extremely pleased with the successful closing of our new global credit facility, which represents a significant milestone for the Company and provides the global scalability we have been working towards,” said Matthew Lewicki, Vice President and Chief Financial Officer of Perma-Pipe. “We are very appreciative of the guidance and expertise of Statesman in helping us achieve this important outcome.”

About Statesman