CoBank, Compeer Extend Pacific Ethanol Term Loan
Pacific Ethanol entered into long-term amendments to its senior secured notes and to its term loans with CoBank and Compeer Financial for its Pekin and Illinois Corn Processing plants.
Pacific Ethanol entered into long-term amendments to its senior secured notes and to its term loans with CoBank and Compeer Financial for its Pekin and Illinois Corn Processing plants.
Kinergy Marketing, a wholly-owned subsidiary of Pacific Ethanol, and Pacific Ag. Products, a wholly-owned subsidiary of Kinergy, increased a credit agreement with Wells Fargo Bank as agent to $100 million.
Pacific Ethanol, a producer and marketer of low-carbon renewable fuels in the U.S., acquired Illinois Corn Processing for $76 million, including $15 million in working capital.
Pacific Ethanol, a leading producer and marketer of low-carbon renewable fuels, is refinancing its $155.1 million principal term debt via transactions with CoBank, First Farm Credit and Wells Fargo.