secwatch.observer — SEC 8-K summary
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Issuer:     Via Renewables, Inc. (VIASP)
CIK:        0001606268
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001606268-26-000029
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Via Renewables enters $300M senior secured revolving credit facility, replaces prior agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606268/000160626826000029/0001606268-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606268/000160626826000029/spke-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001606268-26-000029

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