Montauk Renewables amends credit facility: revolver to $120M, term loan to $80M, maturity Dec 2026

Montauk Renewables, Inc.

Revolving credit commitments increased from $80M to $120M; term loan commitments increased to $80M (from ~$22.5M outstanding).
Maturity extended to December 21, 2026; maximum Total Leverage Ratio set at 3.50x stepping down to 3.00x by June 2024.
LIBOR replaced with Bloomberg Short-Term Bank Yield Index; new lenders Citizens Bank and BankUnited added.
Amended $7.14M secured note with Montauk Holdings Limited to $8.94M; terms substantially similar.

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