debt
confidence high
sentiment positive
materiality 0.60
Epsilon Energy closes $47.5M reserve-based credit facility with Frost Bank and Texas Capital Bank
Epsilon Energy Ltd.
- Initial borrowing base and commitments of $47.5M; four-year term maturing October 8, 2029.
- Interest at 3-Month Term SOFR plus 3-4% margin (varies with utilization), payable quarterly.
- Proceeds will fund repayment of Peak companies' existing term loan (~$49.6M) upon acquisition close in Q4 2025.
- Facility replaces prior credit facility; borrowing base to be redetermined semi-annually and increased after Peak acquisition.