debt
confidence high
sentiment neutral
materiality 0.40
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.