Pacific Ethanol agrees deal on outstanding credit payments

March 27, 2019 |

In California, Pacific Ethanol, Inc. announced that Pacific Ethanol Pekin, LLC (“Pekin”) and Kinergy Marketing LLC, each a direct or indirect wholly-owned subsidiary of Pacific Ethanol, Inc., entered into amendments to their credit agreements and related agreements with their respective lenders which returns Pekin to full compliance with its credit facility and provides additional liquidity under the Kinergy credit agreement to help facilitate the Company’s strategic initiatives.

Neil Koehler, Pacific Ethanol’s president and CEO, stated: “The agreements with our lenders provide the Company with additional liquidity and support further strengthening of our balance sheet. We are pleased to be working cooperatively with our lenders while we pursue our previously announced strategic initiatives.”

Further details on the credit agreement amendments and related agreements can be found in the Company’s Form 8-K filed with the Securities and Exchange Commission on March 27, 2019.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.