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Retail Supplier Reports Increase In Borrowing Capacity Under Senior Credit Facility
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Via Renewables filed an 8-K stating as follows: "Via Renewables, Inc (the 'Company') and its subsidiary Spark Holdco (together with certain subsidiaries of the Company and Spark Holdco, the 'Co-Borrowers') maintain a senior secured borrowing base credit facility ('Senior Credit Facility') with Woodforest National Bank, as administrative agent (the 'Agent'), swing bank, swap bank, issuing bank, joint-lead arranger, sole bookrunner and syndication agent, and the other financial institutions party thereto as lenders. On June 25, 2025, the Co-Borrowers entered into new arrangements with the Agent and the financial institutions party thereto, and other additional financial institutions, to increase the borrowing capacity under the Senior Credit Facility to $250.0 million."
In a 10-Q for the quarter ending March 31, 2025, filed on May 1, 2025, Via had described the credit facility as having a borrowing capacity of $205.0 million, with such 10-Q stating: "The Company and Spark Holdco (together with certain subsidiaries of the Company and Spark Holdco, the 'Co-Borrowers') maintain a senior secured borrowing base credit facility with Woodforest National Bank, as administrative agent (the 'Agent'), swing bank, swap bank, issuing bank, joint-lead arranger, sole bookrunner and syndication agent, and the other financial institutions party thereto as lenders. As further described below, on June 28, 2024, the Company entered into the First Amendment (the "First Amendment") to its senior credit facility (as amended by the First Amendment, the 'Senior Credit Facility'). The Senior Credit Facility matures on June 30, 2027 and has a borrowing capacity of $205.0 million."
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June 27, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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