Pacific Ethanol Secures $10 Mln Revolving Credit Line; Shares Up 3%, But Still Near Low End of 52-Week Range

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Pacific Ethanol Inc. ( PEIX ) is up 2.7% to $0.36 after announcing that Pacific Ethanol Holding Co. LLC and the Pacific Ethanol plants have secured a new $10 million revolving line of credit with certain of their existing lenders.

Credit Suisse Loan Funding LLC acted as the syndication agent for the credit facility. The credit facility provides additional working capital to support plant operations and augments the PEIX plants' existing $40 million revolving credit facility.

PEIX is up 2.7% to $0.36 in a 52-week range of $0.26 - $1.85.

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This article appears in: Investing , Commodities


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