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Pacific Ethanol Closes on Previously Announced Increase in Plant Ownership and $8 Million Financing
Tuesday December 20, 2011, 8:00 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, has closed two transactions announced on December 9, 2011. The company closed its $4.6 million purchase of an additional 7% ownership interest in New PE Holdco LLC, increasing its total ownership interest to 34%. New PE Holdco LLC owns, and the company operates, the four Pacific Ethanol production facilities. In addition, the company closed an $8.0 million private placement of 7,625,000 shares of common stock and warrants to purchase up to 4,956,250 shares of common stock.
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Pacific Ethanol Closes on Previously Announced Increase in Plant Ownership and $8 Million Financing
Tuesday December 20, 2011, 8:00 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, has closed two transactions announced on December 9, 2011. The company closed its $4.6 million purchase of an additional 7% ownership interest in New PE Holdco LLC, increasing its total ownership interest to 34%. New PE Holdco LLC owns, and the company operates, the four Pacific Ethanol production facilities. In addition, the company closed an $8.0 million private placement of 7,625,000 shares of common stock and warrants to purchase up to 4,956,250 shares of common stock.
Pacific Ethanol Announces $8.0M Private Placement and Agreement to Increase Ownership in Plants
Friday December 9, 2011, 6:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, has entered into a definitive purchase agreement with a group of institutional investors to raise $8.0 million in a private placement transaction. Further, the company has signed purchase agreements to acquire an additional 7% interest in the Pacific Ethanol production facilities.
Pacific Ethanol Increases Ownership in Plants
Thursday December 1, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, purchased an additional 7% ownership interest in New PE Holdco LLC, the owner of the four Pacific Ethanol production facilities with a combined annual production capacity of 200 million gallons. The company paid $4.5 million in cash for the additional interest. This purchase brings the company’s total ownership interest to 27%. On October 6, 2010, the company paid $23.3 million in cash for its initial 20% ownership interest.