Alto Ingredients, Inc. Extends Term Loan Commitment Period
December 06, 2023 at 08:30 am EST
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Alto Ingredients, Inc. announced that it has amended its $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital (?OIC?) to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024. No other material terms were changed.
Alto Ingredients, Inc. produces and distributes renewable fuel and essential ingredients and is a producer of specialty alcohols in the United States. The Company's segments include Pekin Campus production, marketing and distribution and Western production. Pekin Campus production segment includes the production and sale of alcohols and essential ingredients produced at the Companyâs Pekin, Illinois campus. Its marketing and distribution segment includes marketing and merchant trading for Company-produced alcohols and essential ingredients on an aggregated basis, and sales of fuel-grade ethanol sourced from third parties. Western production segment includes the production and sale of fuel-grade ethanol and essential ingredients produced the Companyâs two western production facilities. It produces specialty alcohols, fuel-grade ethanol and essential ingredients, focusing on various markets, such as health, home and beauty; food and beverage; essential ingredients, and renewable fuels.
ALTO INGREDIENTS, INC. 
