Daily News: November 5, 2012

Credit Suisse Agents $10MM Credit Line for Pacific Ethanol


Sacramento, CA-based Pacific Ethanol, a low-carbon renewable fuels marketer and producer in the Western United States, announced that Pacific Ethanol Holding Co. and the Pacific Ethanol plants have secured a new $10 million revolving line of credit with certain of their existing lenders.

Credit Suisse Loan Funding acted as the syndication agent for the credit facility, which provides additional working capital to support plant operations and augments Pacific Ethanol plants’ existing $40 million revolving credit facility.

Pacific Ethanol markets and produces low-carbon renewable fuels and sells co-products, including wet distillers grain, a nutritional animal feed, in the Western United States.