Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aventine Renewable Energy Holdings, Inc. > News item |
Aventine Renewable Energy enters into new $25 million term loan
By Jennifer Chiou
New York, April 5 - Aventine Renewable Energy Holdings Inc. entered into a commitment letter with Macquarie Capital (USA) Inc. on March 31 to provide for a $25 million incremental term loan facility, according to an 8-K filing with the Securities and Exchange Commission.
The commitment has an effective date of March 25.
The new term loan is under the company's existing senior secured term loan credit agreement with Citibank, NA as administrative agent and collateral agent.
As already reported, the company increased its revolving credit facility to $30 million from $20 million on Feb. 28. The company entered into the revolver with PNC Bank in March 2010 in connection with its emergence from Chapter 11 bankruptcy.
Aventine produces ethanol and is based in Dallas.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.