Via Renewables closes $300M credit facility with CEO-controlled entity backstop

Filed May 8, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

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  Entered $300M revolving credit facility expiring May 2029, with interest at Base Rate plus 1.75%-2.25% or Term SOFR plus 2.75%-3.25% (1.0% floor), based on leverage ratio. Facility supports working capital, acquisitions, and letters of credit.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Credit facility requires minimum fixed charge coverage ratio of 1.25x and maximum total leverage ratio of 3.00x (including civil/regulatory liability reserves). Violation would trigger default and potential acceleration of all amounts due.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Default triggered if CEO/Chairman W. Keith Maxwell III's ownership falls below 51% of combined Class A and Class B common stock or loses controlling voting interest. Maxwell currently owns all common stock through Retailco and other entities.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →