secwatch.observer — SEC 8-K summary
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Issuer:     Via Renewables, Inc. (VIASP)
CIK:        0001606268
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001654954-24-008373
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Via Renewables amends credit agreement: revolver increased to $205M, maturity extended to 2027
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- Borrowing capacity raised to $205M on a revolving basis; maturity extended to June 30, 2027.
- Senior secured leverage ratio covenant eliminated; total leverage ratio loosened to 3.00x from 2.50x.
- Up to $20M annually from revolver may be used to repurchase 8.75% Series A Preferred Stock.
- Amended and restated subordinated promissory note (Spark Holdco/Retailco) maturity extended to Jan 31, 2028.
- Cadence Bank exits as lender; Bank OZK joins as new lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606268/000165495424008373/0001654954-24-008373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606268/000165495424008373/via_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-008373

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