Brief: Alto Ingredients Inc. Enters Into Agreement To Sell Its Madera Facility

Alto Ingredients

28/04/2021 13:46

April 28 (Reuters) - Alto Ingredients Inc  ALTO.O :
    * PRESS RELEASE - ALTO INGREDIENTS, INC. ENTERS INTO
AGREEMENT TO
SELL ITS MADERA FACILITY
    * ALTO INGREDIENTS INC - DEAL FOR CONSIDERATION OF $28.3
MILLION,
COMPRISED OF $19.5 MILLION IN CASH AND $8.8 MILLION IN
ASSUMPTION OF LIABILITIES
    * ALTO INGREDIENTS INC - MAJORITY OF CASH PROCEEDS WILL BE
USED TO
RETIRE COMPANY DEBT

Source text for Eikon:  ID:nGNX3vHC2P 
Further company coverage:  ALTO.O 

 ((Reuters.Briefs@thomsonreuters.com;))