Alto Ingredients, a producer and distributor of specialty alcohols and ingredients, amended its $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024. No other material terms were changed.
“This extension of our commitment period by one year provides Alto additional liquidity and optionality as we continue to evaluate and fund our capital projects,” Alto Ingredients’ CFO, Rob Olander, CFO of Alto Ingredients, said. “This extension also shows the level of cooperation we have had with OIC, and we believe their support demonstrates confidence in our strategy.”
