Pacific Ethanol (PEIX +2.3%) moves to increase ownership interest in its plants and improve...

|By:, SA News Editor

Pacific Ethanol (PEIX +2.3%) moves to increase ownership interest in its plants and improve their debt position. PEIX secures extended maturity of its revolving credit line to 2015, agrees to purchase $21.5M in plant debt to be extended to 2016, and will purchase an additional 13% interest in the plants to increase its ownership interest to 80%.