Pacific Ethanol hires Piper Jaffray to help sell off assets ahead of debt refinancing : Biofuels Digest


In California, the Sacramento Business Journal reports that Pacific Ethanol has hired Piper Jaffray to help sell off assets in an effort to be able to refinance $67 million in debt by year’s end but the company didn’t say which assets it may be looking to dispose of. The company may also look at doing another capital raise this year in order to be in a sufficiently strong financial position in order to refinance the debt.

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