Brief: Alto Ingredients Inc Enters Into $125 Million Term Loan Facility To Accelerate Business Transformation

Alto Ingredients

07/11/2022 21:46

Nov 7 (Reuters) - Alto Ingredients Inc  ALTO.O :
    * ALTO INGREDIENTS, INC. ENTERS INTO $125 MILLION TERM LOAN
FACILITY TO ACCELERATE BUSINESS TRANSFORMATION
    * ALTO INGREDIENTS INC - ENTERED INTO A $125 MILLION SENIOR
SECURED TERM LOAN FACILITY WITH CERTAIN FUNDS MANAGED BY ORION
INFRASTRUCTURE
    * ALTO INGREDIENTS INC - TERM LOAN MATURES IN SIX YEARS AND
IS NOT
SUBJECT TO SCHEDULED AMORTIZATION PAYMENTS
    * ALTO INGREDIENTS INC - TERM LOAN HAS A FIXED ANNUAL
INTEREST
RATE OF 10.0% WITH AN ORIGINAL ISSUE DISCOUNT OF 1.5%
    * ALTO INGREDIENTS INC - IN CONNECTION WITH ENTERING INTO
TERM
LOAN, ALTO WILL ISSUE UP TO 1.6 MILLION SHARES OF COMMON STOCK
TO OIC

Source text for Eikon:  ID:nGNX2ztYcD 
Further company coverage:  ALTO.O 
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