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.
“We’re pleased that the lender syndicate saw fit to extend this note in a routine manner,” explained REG Chief Financial Officer, Chad Stone, of the agreement which has a new maturity date in March 2014.
All material terms remain the same for the 30 million gallon per year biorefinery.