ALTO - Alto Ingredients Inc. Extends Term Loan Commitment Period | Benzinga
PEKIN, Ill., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ:ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, 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' CFO, Rob Olander, said, "This extension of our commitment period by one year provides Alto additional liquidity and optionality as we continue to evaluate and fund our capital projects. This extension also shows the level of cooperation we have had with OIC, and we believe their support demonstrates confidence in our strategy."
About Alto Ingredients, Inc.
Alto Ingredients, Inc. (ALTO) is a leading producer and distributor of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable ...