December 2012

Renewable Energy Group® Reduces Debt with Seneca Payoff

Renewable Energy Group (NASDAQ: REGI) today announced that it paid off long-term debt obligations of its operating biorefinery subsidiary in Seneca, Illinois.

 

REG Seneca, LLC retired its outstanding long-term debt obligation of $34.5 million on December 21 with cash generated from operations since April 2010. This amended and restated credit agreement went into effect April 2010 with Portigon AG (formerly WestLB AG).

 

REG Newton Extends Loan Agreement For One Year

Renewable Energy Group (NASDAQ: REGI) today announced its REG Newton, LLC loan with AgStar Financial Service, PCA was extended for one additional year.

REG Newton, LLC entered into this debt agreement with AgStar in conjunction with the related March 2010 acquisition of the assets of Central Iowa Energy, LLC.