Pacific Ethanol extends credits terms with CoBank, ACB : Biofuels Digest


In California, Pacific Ethanol, Inc. reported it has extended the terms of its credit agreements with CoBank, ACB. Pacific Ethanol Pekin, LLC, an indirect wholly-owned subsidiary of Pacific Ethanol, Inc., has entered into an amendment to extend the payment and covenant terms of its credit agreements with CoBank, ACB to November 15, 2019. In March 2019, the Company announced initiation of strategic initiatives to improve the Company’s liquidity and strengthen its balance sheet. The extension of credit terms with CoBank provides the Company with additional time and liquidity to help facilitate the Company’s strategic initiatives.

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