Alto Ingredients Inc

NASDAQ:ALTO   4:00:00 PM EDT
3.47
-0.16 (-4.41%)
4:02:28 PM EDT: $3.47 0.00 (0.00%)
Debt Financing / Related

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

Published: 11/07/2022 21:53 GMT
Alto Ingredients Inc (ALTO) - 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.