Edition:
United States

Pacific Ethanol Inc (PEIX.PH)

PEIX.PH on Philadelphia Stock Exchange

5.50USD
22 Sep 2017
Change (% chg)

$0.03 (+0.46%)
Prev Close
$5.47
Open
$5.50
Day's High
$5.50
Day's Low
$5.50
Volume
200
Avg. Vol
2,449
52-wk High
$10.60
52-wk Low
$4.18

Latest Key Developments (Source: Significant Developments)

Pacific Ethanol refinances $47.5 mln in secured promissory notes
Monday, 18 Sep 2017 08:30am EDT 

Sept 18 (Reuters) - Pacific Ethanol Inc ::Pacific Ethanol refinances $47.5 million in secured promissory notes.Pacific Ethanol Inc - ‍has refinanced $47.5 million in promissory notes related to its July 3, 2017 acquisition of Illinois corn processing.Pacific Ethanol - ‍to repay notes, co used $6 million of cash on hand and $42 million in proceeds from new term and revolving debt financing with Cobank, ACB​.Pacific ethanol - co entered into two separate financing agreements with Cobank: a $24 million term debt financing and an $18 million revolving debt facility​.Pacific ethanol inc - ‍ $24 million term debt facility matures in September 2021 and $18 million revolving debt facility matures in September 2022​.Pacific ethanol inc - ‍ $24 million term debt facility provides for quarterly amortizing principal payments of $1.5 million each beginning December 2017.  Full Article

Pacific Ethanol Q2 loss per share $0.22
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Pacific Ethanol Inc :Pacific Ethanol reports second quarter 2017 results.Q2 loss per share $0.22.Q2 sales $405.2 million versus I/B/E/S view $410.3 million.  Full Article

Pacific Ethanol Inc enters into a note purchase agreement with five accredited investor
Wednesday, 5 Jul 2017 08:56am EDT 

July 5 (Reuters) - Pacific Ethanol Inc ::Pacific Ethanol Inc - on June 26, 2017, co entered into a note purchase agreement with five accredited investor- sec filing.Pacific Ethanol Inc - senior notes will mature on December 15, 2019.Pacific Ethanol Inc - on June 30, , under terms of note purchase agreement, co sold $13.9 million in aggregate principal amount of its senior secured notes.  Full Article

Pacific Ethanol to acquire Illinois Corn Processing
Tuesday, 27 Jun 2017 07:30am EDT 

June 27 (Reuters) - Pacific Ethanol Inc ::Pacific Ethanol to acquire Illinois Corn Processing.Pacific Ethanol Inc - deal for $76 million.Pacific Ethanol Inc - deal includes $15 million in working capital.Pacific Ethanol Inc - deal consolidates additional production in Pekin, Illinois with a combined 250 million gallons of production.Says transaction immediately accretive to earnings.Pacific Ethanol Inc - expect acquisition will yield approximately $3 million in annual cost savings over first six to twelve months after closing.Pacific Ethanol - of $76 million purchase price, $30 million will be paid in cash and $46 million will be paid through non-amortizing secured promissory notes.Says ‍currently engaged in negotiations with cobank to secure a long-term financing vehicle​.Pacific ethanol inc - intends to refinance seller notes in near future.Pacific Ethanol -entered into agreement to issue additional senior secured notes and amend existing notes to increase amount by about $14 million.Pacific Ethanol Inc - have a commitment from Wells Fargo bank to expand borrowing capacity on Kinergy line of credit facility from $85 million to $100 million.Pacific Ethanol says ‍have commitment from Wells Fargo Bank to expand borrowing capacity on Kinergy line of credit facility from $85 million to $100 million​.Pacific Ethanol - co to acquire Illinois Corn Processing, llc from Illinois Processing ., a unit of Seacor Holdings Inc., and MGPI Processing.  Full Article

Pacific Ethanol reports Q1 loss per share $0.31
Tuesday, 9 May 2017 04:05pm EDT 

May 9 (Reuters) - Pacific Ethanol Inc :Pacific Ethanol reports first quarter 2017 results.Q1 loss per share $0.31.Q1 sales $386 million versus I/B/E/S view $385.8 million.Q1 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S.Pacific Ethanol Inc - total gallons sold increased 9% to 226 million in Q1'17 compared to Q1'16.  Full Article

Pacific Ethanol files for mixed shelf of up to $175 mln
Friday, 14 Apr 2017 05:14pm EDT 

Pacific Ethanol Inc :Pacific Ethanol Inc files for mixed shelf of up to $175 million - SEC filing.  Full Article

Candlewood Investment Group reports 9.1 pct passive stake in Pacific Ethanol Inc as on March 21, 2017
Tuesday, 21 Mar 2017 02:03pm EDT 

Candlewood Investment Group LP:Candlewood Investment Group LP reports 9.1 pct passive stake in Pacific Ethanol Inc as on March 21, 2017 - sec filing.  Full Article

Pacific Ethanol Q4 earnings per share $0.30
Wednesday, 1 Mar 2017 04:05pm EST 

Pacific Ethanol Inc : Pacific Ethanol reports fourth quarter and year-end 2016 results . Q4 earnings per share $0.30 . Q4 sales $441.7 million versus I/B/E/S view $421.6 million . Q4 earnings per share view $0.21 -- Thomson Reuters I/B/E/S .Pacific Ethanol Inc- expect ethanol demand to remain strong, supported by healthy exports and increasing gasoline demand in 2017.  Full Article

Pacific Ethanol, Edeniq announce agreement
Thursday, 16 Feb 2017 08:30am EST 

Pacific Ethanol Inc : Pacific Ethanol Inc -co, Edeniq, Inc announced they have entered into a technology licensing and purchase agreement . Pacific Ethanol Inc - agreement to enable production of cellulosic ethanol at Pacific Ethanol's Madera, California plant . Pacific Ethanol Inc - installation is expected to be completed in Q3 of 2017 . Pacific Ethanol Inc - Madera plant has a total annual production capacity of 40 million gallons .Pacific Ethanol Inc - Madera plant is expected to produce up to one million gallons per year of cellulosic ethanol with Edeniq's pathway process.  Full Article

Pacific Ethanol enters into a note purchase agreement with 5 investors
Tuesday, 20 Dec 2016 05:10pm EST 

Pacific Ethanol Inc : Pacific Ethanol on December 12, 2016, Co entered into a note purchase agreement with 5 investors . Notes will mature on December 15, 2019 -SEC filing .On Dec 15 under terms of agreement, Co sold $55.0 million in aggregate principal amount of its senior secured notes in private offering.  Full Article