Stabilis Solutions signs 5.75% $10 million term loan with AmeriState

Chicago, April 13 – Stabilis Solutions, Inc. entered into a $10 million term loan with AmeriState Bank on April 8, according to an 8-K filing with the Securities and Exchange Commission.

The loan is related to the United States Department of Agriculture, Business & Industry Loan program.

The loan will have a 5.75% interest rate through April 8, 2026 and then convert to the U.S. prime lending rate plus 2.5% until its maturity on April 8, 2031.

Proceeds will be used for working capital purposes at the company’s liquefaction plant in George West, Tex.

Ark-La-Tex Financial Consultants, LLC acted as broker and consultant on the transaction.

Stabilis, based in Houston, is an integrated energy transition company that provides clean energy solutions

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