HomeMarch 15, 2016
Retail Supplier Announces New Credit Facility; Acquisitions Among Facility's Purposes
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Gas South has closed a five-year, $80 million secured revolving credit facility with SunTrust Robinson Humphrey, which served as the sole lead arranger.
Gas South said that two of its long-time banking partners, Wells Fargo and Fifth Third Bank, also participated in the transaction.
The $80 million facility will finance seasonal working capital needs, capital expenditures, letters of credit and acquisitions, Gas South said
The revolving credit facility may be increased by up to $75 million.
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