2023-03-20 18:17:32 ET
- Excelerate Energy ( NYSE: EE ) said Monday it has entered into an amended and restated senior secured credit agreement.
- Updates to the credit agreement include, among other things, a new $250 million term loan facility, maturing on March 17, 2027.
- The amendment also extends the maturity date of the existing $350 million revolving credit facility to March 17, 2027
- Proceeds from the term loan are intended to be used for the acquisition of the FSRU Sequoia.
- The commitments under the term loan expire on May 1, 2023 if the acquisition of the FSRU Sequoia does not occur by such date.
- Proceeds from the revolving credit facility are expected to be used primarily for letters of credit, working capital, and other general corporate purposes.
- Press Release .
For further details see:
Excelerate Energy amends and refinances credit agreement to borrow up to $600M