Pacific Ethanol credit line boosted as company re-scales

June 15, 2011 |

In California, Pacific Ethanol has boosted its credit line with Wells Fargo to $30 million from $20 million via its subsidiary Kinergy Marketing, but there’s an option to go as high as $35 million if need be.

The credit facility reflects the company’s rapid production growth during the last seven quarters and its ability to secure cheaper financing.

Category: Fuels

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