Stabilis Solutions, Inc. (SLNG): debt financing — Stabilis Solutions renews $10M revolver with Cadence Bank, maturity extended to June 2028

Stabilis Solutions, Inc.

$10M revolving credit facility renewed; maturity extended to June 9, 2028.
Fixed Charge Coverage Ratio amended to include Excess Cash in calculation.
No funds drawn as of March 28, 2025; $35,000 upfront fee paid to lender.
Modification involves Stabilis Solutions, Eagle Ford, GDS, and Port Allen as borrowers.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Stabilis Solutions, Inc. amended revolving credit of $10,000,000.00 Revolving Credit Facility with Cadence Bank maturing June 9, 2028.

Instrument: revolving credit
Principal: $10,000,000.00 Revolving Credit Facility
Counterparty: Cadence Bank
Maturity: June 9, 2028
Event: amendment

Exact text from the filing

On March 27, 2025 Stabilis Solutions, Inc. (the "Company") along with its subsidiaries, Stabilis LNG Eagle Ford LLC, Stabilis GDS, Inc. and Stabilis LNG Port Allen, LLC (collectively, the "Borrowers") entered into a Modification Agreement (the "Agreement") to its existing Loan Agreement (the "Loan Agreement") with Cadence Bank (the "Lender"). Under the Agreement, the Loan Agreement which provided a $10,000,000.00 Revolving Credit Facility was renewed and the maturity date was extended to June 9, 2028.

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Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-009716

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