Facing deadline, Pacific Ethanol CEO says lender will extend debt

Pacific Ethanol Inc. CEO Neil Koehler said he is negotiating another extension of an overdue credit facility that was set to expire at the end of this week.

The Sacramento-based renewable fuel company was facing a Nov. 15 deadline to bring its debt into compliance with the terms of its agreement with CoBank, a Greenwood Village, Colorado-based lender that has extended the deadline at least twice this year on debt tied to Pacific Ethanol’s plant in Pekin, Illinois.

Pacific Ethanol is the Sacramento…


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