In a statement, Excelerate said it entered into this credit facility with Excelerate Energy Limited Partnership. The three-year term for borrowing expires in April 2025.
The facility is to be used primarily for letters of credit, working capital, and other general corporate purposes.
“Securing this new $350 million credit facility represents an important milestone for Excelerate Energy as we move forward as a public company,” said Steven Kobos, CEO of Excelerate. “We greatly appreciate the ongoing support from the banks in our lending group.”
