other material
confidence high
sentiment positive
materiality 0.55
Via Renewables extends credit facilities to 2023/2025, adds $50M acquisition loans, declares Q3 dividends
Via Renewables, Inc.
- Extended senior credit facility maturity to Oct 2023 (from July 2022); added $50M acquisition loan line at Eurodollar+4%.
- Extended subordinated debt facility with majority shareholder to Jan 2025 (from Jan 2023); up to $25M at 5% interest.
- Declared Q3 2021 common dividend $0.18125/sh (annualized $0.725), payable Dec 15, 2021 to record Dec 1.
- Declared Series A Preferred dividend $0.546875/sh (annualized $2.1875), payable Jan 17, 2022 to record Jan 3.