Pacific Ethanol to price public sale of units with 30-day greenshoe

Equity financing conducted by bookrunner Lazard Capital Markets

By Devika Patel

Knoxville, Tenn., June 27 - Pacific Ethanol, Inc. will price a public sale of units, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission. There is a 30-day greenshoe.

The company will sell units comprised of common shares and warrants.

Lazard Capital Markets is the bookrunning manager.

Settlement is expected on July 3.

Proceeds will be used to acquire additional interests of New PE Holdco and for general working capital purposes.

Pacific Ethanol is a Fresno, Calif., owner and operator of ethanol plants.

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