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MXenergy amends loan, pushing out maturity, cutting revolver size
By Sara Rosenberg
New York, Aug. 3 - MXenergy Inc. amended its credit facility, extending the maturity to Aug. 18 with the possibility to further extend to Aug. 31 and reducing the revolver to $94 million, according to an 8-K filed with the Securities and Exchange Commission on Monday.
In addition, the amendment revised milestones related to the consummation of a liquidity event.
The amendment was completed on July 31.
Société Générale is the administrative agent on the deal.
MXenergy is a Stamford, Conn.-based natural gas and electricity supplier.
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