Via Renewables, Inc. Announces Dividend on Common and Preferred Stock; Amendment and Extension of Credit Facilities
Wed, October 20, 2021, 7:00 PM·3 min read
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HOUSTON, TX / ACCESSWIRE / October 20, 2021 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the third quarter of 2021 in the amount of $0.18125 per share on its Class A Common Stock. This amount represents an annualized dividend of $0.725 per share. The third quarter dividend will be paid on December 15, 2021 to holders of record of Via Renewables' Class A Common Stock on December 1, 2021.
Additionally, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") of the Company, the Board of Directors has declared a quarterly cash dividend in the amount of $0.546875 per share on the Series A Preferred Stock. This amount represents an annualized dividend of $2.1875 per share. The dividend will be paid on January 17, 2022 to holders of record of Via Renewables' Series A Preferred Stock on January 3, 2022.
Via Renewables also announced an amendment and extension (the "Amendment") of its senior secured credit facility (the "Facility") and an extension of its $25 million subordinated debt facility with its majority shareholder. The Facility, which was set to mature on July 31, 2022, now has a maturity date of October 13, 2023. The subordinated facility, which was set to mature on January 31, 2023, now has a maturity date of January 31, 2025... https://finance.yahoo.com/news/via-renewables-inc-announces-dividend-230000747.html