secwatch.observer — SEC 8-K summary
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Issuer:     Stabilis Solutions, Inc. (SLNG)
CIK:        0001043186
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001628280-23-021888
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043186/000162828023021888/0001628280-23-021888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043186/000162828023021888/slng-20230609.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-021888

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