{"url_path":"/sec/ceco/8-k/2026-06-01/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/3197/0001104659-26-068661-index.html","accession_number":"0001104659-26-068661","cik":"0000003197","ticker":"CECO","issuer_name":"CECO ENVIRONMENTAL CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/3197/0001104659-26-068661-index.html","primary_entity_key":"0000003197","primary_entity_name":"CECO ENVIRONMENTAL CORP"},"word_count":144,"has_tables":true,"body_markdown":"**Item 2.03**\n**Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant**\n\n \n\nIn connection with the consummation of the Mergers, the Company incurred\nadditional indebtedness consisting of (i) $235.0 million borrowed under the delayed draw term loan facility established pursuant\nto Amendment No. 1 to the Fourth Amended and Restated Credit Agreement, dated as of March 30, 2026 (the “Delayed Draw\nTerm Loan Facility”), and (ii) approximately $290 million borrowed under the revolving credit facility thereunder (the “Revolving\nFacility” and, together with the Delayed Draw Term Loan Facility, the “Credit Facilities”). The proceeds of the borrowings\nunder the Credit Facilities, together with cash on hand, were used to fund the cash portion of the merger consideration and related fees\nand expenses in connection with the Mergers, including the repayment of outstanding indebtedness under Thermon’s existing credit facility."}