Crius Energy Trust said Aug. 13 that it has combined its existing credit facilities into a single consolidated credit facility for wholesale energy supply requirements with a limit of $140 million.

Crius has also added a syndicated working capital facility with an initial limit of $110 million for cash advances and letters of credit.

The new credit facility benefits Crius through improved pricing with the current interest rate on working capital advances of London interbank offered rate plus 5.5% changing to a tiered pricing structure which ranges from Libor plus 2.75% to 4.25%, based on leverage levels, according to a news release. The maturity date on the new facility extends to August 2021.

The credit facility expands the working capital limit for Crius on current facilities by $15 million to $110 million for the first 12 months, after which it reduces to $100 million. Macquarie Energy LLC and National Bank of Canada are co-leads and joint book-runners of the new credit facility.