8-K
filed May 8, 2026, 7:59 PM ET
ticker VIASP
CIK 0001606268
debt
confidence high
sentiment neutral
materiality 0.60
Via Renewables, Inc. (VIASP): debt financing — Via Renewables enters $300M senior secured revolving credit facility, replaces prior agreement
Via Renewables, Inc.
- New $300M revolving credit facility with Bank OZK as agent, matures May 6, 2029.
- Pricing: Base Rate + 1.75%-2.25% or Term SOFR + 2.75%-3.25%, based on leverage ratio.
- Covenants: minimum fixed charge coverage ratio 1.25x, maximum total leverage ratio 3.00x.
- Also entered $25M amended subordinated promissory note from Retailco, owned by CEO W. Keith Maxwell III.
- Prior credit agreement terminated; facility secured by substantially all assets of co-borrowers.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Via Renewables, Inc. incurred loan of up to $25.0 million with Retailco, LLC maturing November 6, 2029.
- Instrument
- loan
- Principal
- up to $25.0 million
- Counterparty
- Retailco, LLC
- Maturity
- November 6, 2029
- Event
- incurrence
Exact text from the filing
In connection with entering into the Credit Agreement, the Company entered into an amended and restated subordinated promissory note (Note No. 9) (the “Subordinated Debt Facility”) with Spark HoldCo and Retailco, LLC (“Retailco”). The Subordinated Debt Facility allows the Company to draw advances in increments of no less than $1.0 million per advance up to $25.0 million through November 6, 2029.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Via Renewables, Inc. incurred credit facility of $300.0 million with Bank OZK at Base Rate plus an applicable margin of 1.75% to 2.25% or Term SOFR plus an appli maturing May 6, 2029.
- Instrument
- credit facility
- Principal
- $300.0 million
- Counterparty
- Bank OZK
- Rate
- Base Rate plus an applicable margin of 1.75% to 2.25% or Term SOFR plus an appli
- Maturity
- May 6, 2029
- Event
- incurrence
Exact text from the filing
acted as Joint Lead Arrangers. The Credit Agreement provides for a senior secured credit facility (the “Senior Credit Facility”), which allows the Co-Borrowers to borrow up to $300.0 million on a revolving basis. The Senior Credit Facility provides for working capital loans, loans to fund acquisitions, swingline loans and letters of credit. The Senior Credit Facility
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Via Renewables, Inc. amended amended and restated subordinated promissory note (Note No. 9) with Retailco, LLC valued at up to $25.0 million.
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Retailco, LLC
- Value
- up to $25.0 million
Exact text from the filing
In connection with entering into the Credit Agreement, the Company entered into an amended and restated subordinated promissory note (Note No. 9) (the “Subordinated Debt Facility”) with Spark HoldCo and Retailco, LLC (“Retailco”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Via Renewables, Inc. entered into Credit Agreement with Bank OZK valued at up to $300.0 million (effective 2026-05-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank OZK
- Value
- up to $300.0 million
- Effective
- 2026-05-06
Exact text from the filing
On May 6, 2026, Via Renewables, Inc., a Delaware corporation (the “Company”), and Spark Holdco, LLC (“Spark Holdco”, and together with certain subsidiaries of the Company and Spark Holdco, the “Co-Borrowers”) entered into a Credit Agreement (the “Credit Agreement”), with Bank OZK, as administrative agent (the “Agent”), swing bank, swap bank, issuing bank, joint-lead arranger, sole bookrunner and syndication agent.
View on SEC.gov
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