Brief: Spark Energy announces $25 million subordinated debt facility

Via Renewables

27/12/2016 17:10

Dec 27 (Reuters) - Spark Energy Inc:  
    * Spark Energy Inc. announces $25.0 million subordinated 
debt facility 
    * Company intends to draw down $5.0 million under new 
facility prior to December 31, 2016 
    * Plans to use facility for growth initiatives, capital 
optimization, including, subject to lender approval, stock 
buybacks 
    * Facility will bear a fixed annual interest rate of 5.0% 
and will have a tenor of three-and-one-half years 
 
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