Excelerate Energy Inc.


Announced that the company and Excelerate Energy LP entered into a senior secured revolving credit facility to borrow up to $350 million over a three-year term which expires in April 2025. Borrowings under the credit facility will bear interest at a per annum rate equal to the term SOFR reference rate plus 0.10% for such period plus an applicable margin, which will be based on the borrower’s consolidated total leverage ratio as defined under the facility. The facility is expected to be used primarily for letters of credit, working capital and other general corporate purposes. JPMorgan Chase Bank NA is administrative agent. JPMorgan Chase Bank NA along with Barclays Bank Plc, Morgan Stanley Senior Funding Inc., Sumitomo Mitsui Banking Corp., and Wells Fargo Securities LLC are joint lead arrangers and joint book-runners, with BOKF NA dba Bank of Oklahoma and First Financial Bank as additional lenders. Gibson, Dunn & Crutcher LLP and Frederic Dorwart Lawyers PLLC served as counsel to Excelerate.

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