Excelerate Energy Secures $350 Million Credit Facility Following IPO Closing

“Securing this new $350 million credit facility represents an important milestone for Excelerate Energy as we move forward as a public company,” President and CEO Steven Kobos says.

Hart Energy Staff

Fresh off its successful market debut, Excelerate Energy Inc. on April 18 closed a $350 million revolving credit facility.

“Securing this new $350 million credit facility represents an important milestone for Excelerate Energy as we move forward as a public company,” Steven Kobos, president and CEO of Excelerate, commented in a company release.

Excelerate Energy is an LNG company located in The Woodlands, Texas, founded in 2003 by oil and gas tycoon George B. Kaiser. Shares of the company, which closed its IPO on April 18, have recently soared thanks to investor demand for companies with exposure to LNG amid the Russia-Ukraine conflict.

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