December 27, 2016 / 5:17 PM / 8 months ago

BRIEF-Spark Energy announces $25 million subordinated debt facility

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 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below