Via Renewables closes $195M senior secured credit facility, replaces prior $227.5M facility

Via Renewables, Inc.

New three-year $195M revolving facility (plus $55M accordion) matures June 30, 2025.
Replaces prior $227.5M facility that was set to mature October 2023.
Interest rates: Base Rate or SOFR plus 3.25%-4.50% per annum, with 4.0% floor.
Financial covenants: min fixed charge coverage 1.10x, max total leverage 2.50x, max senior secured leverage 2.00x.
Also entered $25M subordinated promissory note with Retailco, an affiliate of CEO Keith Maxwell.

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