trending Market Intelligence /marketintelligence/en/news-insights/trending/yzpaiqpwbmgp_hmxz4oioa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Spark Energy secures $25M debt facility from majority shareholder

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Spark Energy secures $25M debt facility from majority shareholder

Spark Energy Inc. has entered into a $25 million subordinated debt facility with Retailco LLC to help fund its growth initiatives, according to a Dec. 27 company release.

The company plans to draw down $5.0 million from the facility before the Dec. 31. The debt will bear a fixed annual interest rate of 5% and will have a tenor of three-and-one-half years.

"With this sponsor supported debt facility, the company has increased flexibility to quickly and efficiently address various strategic initiatives utilizing a low cost of capital," said Nathan Kroeker, Spark Energy president and CEO.

Keith Maxwell-owned Retailco is the majority shareholder of Spark Energy.