Red Tail Energy pays off last of its debt three years early

April 18, 2016 |

In North Dakota, Red Tail Energy has bucked the trend of many corn-based ethanol plants of late suffering thin margins and has paid off the last of its $5.5 million in debt, moving forward debt-free as margins improve. The company managed to pay the debt off three years ahead of when was indicated in previous financial filings and has managed to pay investors $20 million in dividends, pay off a total of $50 million in debt and even add $13 million in capital to the company since 2011.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.