secwatch.observer — SEC 8-K summary
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Issuer:     Excelerate Energy, Inc. (EE)
CIK:        0001888447
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001193125-23-074904
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Excelerate Energy enters $600M amended credit facility, adds $250M term loan for FSRU acquisition
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- New $250M term loan facility and extension of $350M revolver to March 2027.
- Maximum leverage covenant increased by 0.50x to 3.50x (4.25x if unsecured debt ≥$250M).
- Term loan proceeds to purchase FSRU Sequoia in April 2023; commitments expire May 1 if not closed.
- Collateral maintenance requirement set at greater of $750M or 130% of total credit exposure.
- Borrowings based on SOFR plus margin tied to leverage ratio; Wells Fargo administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888447/000119312523074904/0001193125-23-074904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888447/000119312523074904/d486751d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-074904

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