ACCESS Newswire
20 Jan 2021, 05:35 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.
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