Lenders agree to temporarily amend Pacific Ethanol’s loans

Pacific Ethanol Inc. said it’s reached an agreement with lenders that brings the Sacramento-based company into full compliance with the terms of debt it owes on a refinery in Pekin, Illinois.

Pacific Ethanol (Nasdaq: PEIX) previously disclosed on March 18 that it had missed a debt payment and that it was out of compliance under loan covenants.

“The agreements with our lenders provide the company with additional liquidity and support further strengthening of our balance sheet. We are pleased to…

share:

more energy news

Send Us A Message