Sacramento-based renewable fuel company Pacific Ethanol Inc. got its overdue debt of $63.2 million extended with an interest rate of about 9%, according to documents filed with the Securities and Exchange Commission.
Since March, Pacific Ethanol (Nasdaq: PEIX) has been working to refinance its debt, which came due and was extended several times this year. The company announced a two-year reprieve earlier this week.
Pacific Ethanol is the Sacramento region’s largest publicly traded company by…
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