secwatch.observer — SEC 8-K summary
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Issuer:     Via Renewables, Inc. (VIASP)
CIK:        0001606268
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001606268-22-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606268/000160626822000053/0001606268-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606268/000160626822000053/spke-20220630.htm
  HTML page:      https://secwatch.observer/filing/0001606268-22-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer