MXenergy amends facility, pushing out maturity to Sept. 21

By Sara Rosenberg

New York, Sept. 3 - MXenergy Inc. amended its credit facility, extending the maturity date to Sept. 21, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment requires the maintenance of a minimum consolidated tangible net worth of $25 million for August and September. It also revised the definition of trigger event.

The amendment was completed on Aug. 31.

Societe Generale is the administrative agent on the deal.

MXenergy is a Stamford, Conn.-based natural gas and electricity supplier.

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