ACCESSWIRE
20 Jan 2021, 10:05 GMT+10
HOUSTON, TX / ACCESSWIRE / January 19, 2021 / Spark Energy, Inc. ('Spark' or the 'Company') (NASDAQ:SPKE)(FSE:SLE), an independent retail energy services company, today announced the increase of its senior secured borrowing base credit facility (the 'Facility') to $227.5 million in commitments.
'We are proud of the continued strengthening in our liquidity position over the last few quarters,' said Keith Maxwell, Spark's Chairman and Chief Executive Officer. 'By further expanding our facility, we will have the additional financial flexibility for future projects and opportunities. We want to thank our bank group for their continued support and look forward to delivering strong financial results in 2021.'
About Spark Energy, Inc.
Spark Energy, Inc. is an independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 100 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Spark Energy Investor Relations website at ir.sparkenergy.com. Investors are urged to monitor our website regularly for information and updates about the Company.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act') can be identified by the use of forward-looking terminology including 'may,' 'should,' 'likely,' 'will,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'plan,' 'intend,' 'project,' or other similar words. All statements, other than statements of historical fact included in this press release, regarding strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives and beliefs of management are forward-looking statements. Forward-looking statements appear in a number of places in this press release and include statements about the timing and amount of future purchases under the repurchase program, sources of funds under the repurchase program, and the impacts of the repurchase program. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct.
The forward-looking statements in this press release are subject to risks and uncertainties. Important factors that could cause actual results to materially differ from those projected in the forward-looking statements include, but are not limited to:
You should review the risk factors and other factors noted throughout this press release that could cause our actual results to differ materially from those contained in any forward-looking statement. All forward-looking statements speak only as of the date of this press release. Unless required by law, we disclaim any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise. It is not possible for us to predict all risks, nor can we assess the impact of all factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Contact: Spark Energy, Inc.
Investors: Mike Barajas, 832-200-3727
Media: Kira Jordan, 832-255-7302
SOURCE: Spark Energy, Inc.
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationSome 8.7 million Texans remain under orders to boil their water before drinking or cooking with it, following a massive ...
CHICAGO, Illinois - Following an 11-month closure, Chicago's lakefront, parks and pools are preparing to reopen.Earlier this week, Chicago Mayor ...
KINSHASA, Democratic Republic of Congo - Italy's ambassador to the Democratic Republic of Congo was assassinated Monday while traveling in ...
NAIROBI, Kenya: The head of the World Health Organization (WHO) has requested that Tanzania report on its measures to battle ...
OTTAWA, Canada - Ramping up pressure on Liberal Prime Minister Justin Trudeau to toughen his stance on China, Canada's parliament ...
CODOGNO, Italy: Sunday marked one year since Italy experienced its first known COVID-19 death, a 77-year-old retired roofer from the ...
CHICAGO, Illinois - After engine parts fell onto a residential neighborhood in Denver, USA this weekend, Boeing Co. has recommended ...
CHICAGO, Illinois - Following an 11-month closure, Chicago's lakefront, parks and pools are preparing to reopen.Earlier this week, Chicago Mayor ...
Fourth-ranked Ohio State looks to return to its winning ways at resurgent Michigan State on Thursday. The Buckeyes (18-5, 12-5 ...
The Sacramento Kings waived forward Glenn Robinson III on Wednesday, according to general manager Monte McNair. Robinson averaged 5.3 points ...
As free agency approaches, wide receiver JuJu Smith-Schuster said wants to stay in Pittsburgh. Whether the Steelers give him the ...
Fake news about the coronavirus can do real harm. Polygraph.info is spotlighting fact-checks from other reliable sources here.Daily DebunkClaim: The ...