Southwest Georgia Ethanol lands $20M revolving credit following bankruptcy exit

May 28, 2012 |

In Georgia, AloStar Bank of Commerce has provided a $20 million secured revolving credit facility for Southwest Georgia Ethanol. SWGE emerged from Chapter 11 bankruptcy earlier this year, and has operated at full capacity for the past 12 months.

AloStar’s secured credit facility will help the plant respond to variable pricing in the corn futures market, with the bank also implementing a hedge reserve to minimize risk to the company from changing corn prices.

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