Aventine secures $40 million loan for working capital and increased borrowing

September 18, 2014 |

In Illinois, Aventine Renewable Energy announced that on Sept. 17 the company secured a $40 million loan and security agreement in partnership with AloStar Bank of Commerce in Birmingham, Alabama, and MidCap Financial LLC in Bethesda, Maryland. The new loan replaces a previous agreement and adds over $10 million of increased borrowing capacity while providing more flexibility of working capital for Aventine’s ethanol facilities in Aurora, Nebraska, and Pekin, Illinois.

 

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