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…