---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-021888"
form_type: "8-K"
ticker: "SLNG"
cik: "0001043186"
company_name: "Stabilis Solutions, Inc."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:47:49.339678+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stabilis Solutions secures $10M revolving credit facility with Cadence Bank

## Summary
- Facility matures June 2026; includes $5M accordion subject to lender approval.
- Borrowing base is 80% of eligible accounts receivable; no borrowings drawn as of June 12.
- Interest at Prime Rate (Wall Street Journal); 0.5% quarterly unused commitment fee.
- Secured by Borrowers' accounts receivable and deposit accounts.
- Covenants include minimum net worth of $50M and fixed charge coverage ratio of 1.20x.

## SEC filing metadata
- accession: 0001628280-23-021888
- form_type: 8-K
- ticker: SLNG
- cik: 0001043186
- company_name: Stabilis Solutions, Inc.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043186/000162828023021888/0001628280-23-021888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043186/000162828023021888/slng-20230609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021888
- JSON: https://secwatch.observer/filing/0001628280-23-021888.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021888.txt

## Key facts
- Debt Financings
  Stabilis Solutions, Inc. incurred revolving credit of $10 million with Cadence Bank at Prime Rate published by the Wall Street Journal maturing June 9, 2026.
  - Instrument: revolving credit
  - Principal: $10 million
  - Counterparty: Cadence Bank
  - Rate: Prime Rate published by the Wall Street Journal
  - Maturity: June 9, 2026
  - Event: incurrence
  source text: The Loan Agreement provides for a revolving credit facility that matures on June 9, 2026. The maximum aggregate amount of availability under the revolving credit facility is $10 million, subject to a borrowing base of 80% of eligible accounts receivable. None of the funds available under the Loan were drawn as of June 12, 2023. The Borrowers may request an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043186/000162828023021888/0001628280-23-021888-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.