Energy Choice
                            

Matters

Retail Supplier Expands Credit Facility

April 7, 2015

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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com

Crius Energy Trust announced that it has expanded its credit facility with Macquarie Energy LLC.

Crius said that the enhancements to the credit facility include increased size, reduced costs, and more flexibility.

Key changes to the credit facility include:

• Increased overall exposure limit from $150 million to $250 million.

• Reduced fee structure through adjustments to the volumetric adder fee and elimination of certain other fees.

• Improved flexibility to procure energy from market counterparties and increased ability to enter into fixed price products for a term up to 60 months.

The expanded facility came into effect on April 1, 2015 and the working capital sub-limit remains at $60 million with a base interest rate of LIBOR plus 5.5%. As of December 31, 2014, the availability under the facility was approximately $32 million.

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