Stabilis Solutions amends Huntington Bank loan, adds $5 million cash collateral account

• Stabilis Solutions amended its June 9, 2023 loan agreement with Huntington National Bank, successor to Cadence Bank, via a second modification dated June 29, 2026.
• New covenant requires a minimum fixed charge coverage ratio of 1.20x, tested quarterly on a trailing 12-month basis starting March 31, 2027.
• Borrowers must fund a blocked cash collateral account with at least USD 5 million; it secures obligations under the loan agreement.
• Revolver availability limited to cash collateral, capped at USD 10 million, until two consecutive quarters of covenant compliance.
• Borrowers paid an upfront fee of USD 15,000; cash collateral account terminates once compliance condition is met.

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