Markets

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

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PEIX

Other Topics

Commodities

Latest Markets Videos